RE:RE:RE:Something doesn't make sense here ! what are we missing ? Understand the economy---and a likely recession. Millions have lost jobs. Bearish economic news triggers a sell-off.
Canadian pot stocks also trade on US exhanges. When the DJI tanks, so does the S&P 500, Nasdaq---Pot stocks on US exhanges. Only two months ago, the S&P500 tanked to 2100, which triggered a sell-off in all markets, including APHA, which dropped below $3.00
COVID-19, a lethal virus, has created uncertainty. We are in the midst of a health crisis not seen in a century, since the Spanish Flu.
No one knows what the future will deliver. Stocks move up when earnings increased. For most companies, earnings will be lower next quarter..even APHA
APHA has said it will not provide any guidance for 2020, which is a clue to what near term earnings will be.
Weed, the sector leader, has tanked today, and all other pot stocks follow their lead.
You must learn to understand the economy, the sector, the company----instead of just looking at APHA in isolation.