RE:Strategy Change I put a stop in at 9.60 thinking if it can't hold positive after the run up +.27 I would get stopped out and went golfing. Sure enough down .28 from there. Shorts are in full control here and nothing is going to change until there is a major announcement.
skyplt wrote: I began the week with 20000 shares of APHA and a margin of -30K in one of my trading accounts.
I sold APHA at 10.30 (stop loss) and spent the rest of the week swing trading VFF and TRST.
Bought back 18000 shares of APHA today at 9.35 but no margin. My short term trading this week effectively resulted in my unloading 2000 shares of APHA at 15 (my average buy is sitting at 13.80).
This is not how I envisioned this to unfold. I would have preferred to see APHA at 15. Ironically, I still believe this to be a long term play and I maintain APHA will be 25 by year end.
My goal this week was to kill the margin. Which was achieved. My intent now is to just sit on those 18000 shares. It is a long way from the 40K shares I had last Nov...but I know I will sleep well this weekend seeing plus signs in my balance. I was actually able to push 2K back into my savings account; first time in a long time the flow of cash went this way.
My point is this week I decided to stop waiting for the tide to turn and take some action to incrementally improve my present situation. Despite it being a lousy week for Aphria stock price I did manage to improve my position.
I am quite surprised by the comments of a few on this site who I thought somewhat more pragmatic; we have all learned the hard way, the market does not care, it simply is. I have a busy week next week so will not be actively trading, or following the market for that matter. To those of you on this site who I have come to respect, I suggest you trade elsewhere for some short term diversion. VFF was pretty good to me, though the swings can be rather dramatic given such a low float. Good weekend.