RE: Tilray: The Trading Equivalent of a Ponzi Scheme Read moreWell played. I'd argue that another opportunity is now, for a next spike to $150 - $180 to rope in more people since the hype is all there.....I'm a buyer here, will sell in the next couple of days after another parabolic rise, but not quite reaching $200...
InvestingTO1974 wrote: II played the game all the way up to $290...SOLD :) $$$$ Thank YOU!!!!
The company had less than $20 million in sales in 2018's first half. the market's thinking is identical to what you see with Ponzi schemes. When a stock keeps going straight up, it's very easy to believe that there's an endless supply of buyers willing to pay even more for it. But eventually, Ponzi schemes and soaring stocks fail because both run out of new buyers who believe that the rally can continue. Feel sorry for the naive.