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Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


NDAQ:APHA - Post by User

Bullboard Posts
Post by MartialArtson Jun 09, 2018 12:00am
217 Views
Post# 28149193

Sector rotation into drugs and pharma in the US

Sector rotation into drugs and pharma in the US
Perfect timing to give this sector a boast next week. Long is the play currently. There's very few shorts on this stock, for a reason.

The 1 hour oversold on the RSI purchases today were very nice. I did go on margin to get them and needed to get off since playing margins can be deadly. Been there, done that. Being too extended and being forced to sell at the wrong time is not a good position.

Not borrowing and being long allows one to weather any unexpected storms.

Fight fear & fight greed.  I was tempted to hold on that margin trade but strict discipline tends to work best on the trade.

The trading algos are working this stock and sector like clockwork. Watch the immediate action first thing money and currently, buy the dips.  I can see us dipping back into the $11s but not $10s.  I do see us heading into the $13s quickly and if we break that resistance flying into the $15 and further.

The US sector rotation shows money is moving into pharma will should help this sector. And let's not forget, the Law is a done deal. We'll have two of the top three provinces declaring suppliers in the coming weeks and we know Aphria can deliver along with Canopy.  Both are solid leaders, Aphria happens to be significantly cheaper at just $2.5B in market cap compared to $7.9B for Canopy. Less than 1/3!

Bullboard Posts