RE:Enough about Tilray already!!Dubzie,
I value your comment and certainly see some quality content, however, i do think that Tilray has some influence on the APH. This market is mostly about sentiment, that is all that it takes to swings the SP. When Cron and Tilray drop big time, emotional weak hands start to sell here in Canada, thus swinging our SP.
Now, I'm getting tired of this bloated garbage and sooner they go down to sub $50 the better and we can stop paying attention to it.
EOM
Dubzie1 wrote: The movement of their share price has a very very simple explanation. Anyone with a basic understanding of the industry would have known that they needed to be added to the HMMJ ETF by the end of Sept. This forced buying by the ETF, and known by the majority of the market, caused upward pressure on the stock price. Once Horizons filled their mandatory position and the algos catch on the price come back down (and will stay down) like a rock. Please stop talking about how Tilrays price action is moving the sector this is simply not true, especially with APH. You can see that HMMJ now holds 3.68% of their position in Tilray. https://www.horizonsetfs.com/hmmj I can tell you for free that this was zero earlier this week.