I rarely glance at my Facebook, but this morning I did and a friend of mine was asking if anyone got “lucky” with TLRY. In case you haven’t heard all the chatter, Tilray is a Canadian marijuana company which has become the newest darling of MOMO stock traders.
This struck me as interesting, because the last time this same friend mentioned a stock that I had never heard of before was a few months back when she mentioned IQ, “the Netflix of China”. I’m not going to bother drawing an arrow at the place where she drew my attention to it, but look for the highest point of the graph, and you’ve nailed it. The stock is down about 50% since then.