Tilray Brands Inc TLRY

Sudden spike?

[Headhunter]

Anyone know why the sudden spike across the sector?

[madeinhemlo]

Who knows for sure.  But lately the US seems to be experiencing bi-party support for legislative change in this sector.  TLRY like many of its competitors are poised to enter the US market when/if it becomes legally in the US st the federal level.  So while there are other aspects involved I believe the legislative changes, Safe Banking etc., will help steer more money into the

[CommonCentsforDollars]

Bears losing control. So they spike it up with quick bull volume and then drop those same shares hard to push it back down. Painting tape. Power is transitioning back over to the Bulls. Tilray has now debagged itself back to Sept 8th. Short position has grown since the last report. As of Oct 28th (Days after that CNBC  Pump) the short position grew as they held the momo back from the CNBC

[Headhunter]

Hey thank you for the explanation I appreciate it. There was no news to justify the bump so I ran a very tight stop. Then got stopped out and was able to accumulate more shares. One of these times it will run and not come back and I don't want to end up chasing it. Happy trading!