4.6 • 854 Ratings
🗓️ 22 September 2018
⏱️ 23 minutes
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Marijuana mania caused a significant pop and drop in Tilray shares this week, including a nearly doubling at one point on Thursday. Are we witnessing one of the biggest investing opportunities of our generation, or is this marijuana mayhem?
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0:00.0 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every day. |
0:07.0 | I'm your host Shannon Jones and I'm joined via Skype by Todd Campbell, and hey on today's special bonus episode of |
0:14.2 | industry focus health care we're talking about the one stock that's been on |
0:18.4 | everyone's mind this past week. That's right we are digging into Til Ray. We'll cover what's happening, why, and the |
0:26.8 | all-important question is now the time to buy. I should note we were actually |
0:32.0 | planning to tape this segment on |
0:34.3 | Wednesday but due to a power outage here at Fool HQ and in the area we actually had to |
0:39.4 | wait to bring you the topic and we've gotten so many questions and comments on this and really rightfully |
0:45.2 | so it's been quite outrageous here the past week but right now I just want to point out we're |
0:50.4 | taping this on Friday at 2.30 p.m. and I call this out because this |
0:55.9 | stock has literally been so up and down and on this roller coaster ride that by |
1:00.3 | the time the show airs on Saturday morning there's really no telling what could happen |
1:04.6 | So I want to point that out but one thing is for sure Todd this stock is definitely not for the faint of heart |
1:17.7 | And yeah it gives us an opportunity to do a double dose of health care this week for our listeners and hopefully share some education, some thoughts and explain what's going on |
1:25.4 | with Tilray and maybe the broader marijuana market as well. You know it shocked me |
1:30.6 | at all Shannon if a lot of people were you know punching up on their on |
1:34.3 | their Google the SEC rules on limit up down mechanisms with the trading |
1:39.5 | halts on Thursday right we saw that stock just absolutely, almost double in trading on |
1:46.2 | Thursday before falling to a loss at one point and then recovering to finish up |
1:52.3 | 38 percent And I think Shannon, correct me if I'm wrong, |
1:57.0 | this stock now is up, I want to say more than 100% since its IPO on the NASDAQ in July. |
2:07.0 | Yeah, you're exactly right. This talk has been on an absolute tear since its IPO and two let's actually back up so I just |
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