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It's not. Sure, the stock crossed $200 today, but it also touched $300 midday before it started to free fall and got halted three times in the last few hours o
by superfrank 8y ago
It's not.
Sure, the stock crossed $200 today, but it also touched $300 midday before it started to free fall and got halted three times in the last few hours of trading. If you bought in at the peak today, you lost 33% of your investment in about 2 hours.
Getting in to TLRY right now isn't investing, it's gambling. Nothing fundamentally has changed about the business recently (AFAIK), but the stock is up 80% just this week and 500% in the last month. Seems to me, the run up the last few days seems pretty much driven by FOMO.