RE:WTF happened?THEDUMPPROPHET wrote: Someone with a brain give me the real scoop... Tilray is scam stock so I'm not buying the theories that it now suddenly controls the rest. TLRY is a puny operation and shouldn't be compared to ACTUAL Canadian LPs.
Well the fluctuations are mostly the fact that institutional players buy all the different stocks in the sector simultaneously. It's just some algorithm. They also chase what's hot. So that brough the market up, but when someone or more likely some algo figured its gotten to hot and started to sell it crashed the sector. The algos must not be fine tuned yet so the selloff was much worse than the rise (must have something to do with how much they sell based on how fast a selloff occurs). Also add in the retail investors who probably got scared this afternoon and here we are. All those stops also made things much worse for us, because they stopped that ponzi scheme from quickly falling to where it should be. Instead it fell a lot, as did we, but when it halted we kept falling because we were not halted and the alos were triggered. Then that ponzi stock was unhalted, fell again 10% and all the sell algos further kicked in and the rest of the market sold off even harder, even as that stock was halted yet again.