TILRAY OPENED AT +49% AT $222 IN NEW YORK





Tilray is going trough the roof. $234 new alltime high.

It seems the story never ends. At lunchtime, the stock jumped from 155€ to 187€ after it already rallied in the early pre-opening in Europe up from 129,80€. At the peak the stock was up by 60% intraday. The stock jumped at the Opening in New York from $154 to $234 to be followed by a correction down to $170 within less  seconds.. 

Right now the one and only explanation to me is short covering, it seems shorters are giving it up and are leaving the playground with tremendous losses. And just to remember 34% of the outstanding stocks were shorted following a Market Watch report earlier this morning.  Trading Volume remains very poor. If you are still in, make sure your position is defended. Profit taking makes sense at this level. 

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