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Pot Stocks Bring Out the Worst in Investors

Robert Burgess
Pot Stocks Bring Out the Worst in Investors

More than a few commentators are talking about how the rally in marijuana stocks has officially become a bubble. Just take a look at Canadian cannabis company Tilray Inc., whose shares about doubled on Wednesday to $300 each before a series of trading halts late in the day sent the stock back down to around $200. As the strategists at Richardson GMP pointed out this week in a research note, fundamentals tend to be the driving force of long-term results, while trading patterns, or as some might say technical analysis, can help identify turning points.