Tilray – Greed and Fear

Yesterday, fortunes were made and lost in Tilray. Price action is probably one of the most extreme intraday moves we have ever seen. Small cap stocks have at times had extreme moves but  consider that Tilray was the second most traded stock yesterday with a turnover of 6.5 Billion USD! Only Amazon shares traded more.

The stock gapped higher at open, almost doubled on the day before it reversed sharply lower to unchanged and then put in another huge bounce higher by rising 45% in the last 15 minutes. You could have made 100%, lost 50% and much more, all in a matter of one trading session.

Greed and fear at it’s best!

Source: Bloomberg