Today’s trends were obviousI posted this morning because I noticed the charts in the pre markets. We were gaining but there was no support or consolidation. The volume was lower then expected. It was an odd day in the market and GME and other MeMe stocks sent everything to the wayside as investors were hesitant with the volitility. I been watching Aphria long enough to be half decent at predicting what a day can bring. As for people posting "weed stocks suck" 40 to 20, that's what happens when the Tilray CEO decided to weigh in on the short squeeze. He made press shortly before February 10 giving advice to GameStop CEO about his experience with a short squeeze in 2018. Few days later it turned Tilray into a MeMe stock creating a Reddit frenzy that destabilized our stock which was gaining momentum and consolidating in an upward trajectory. The madness created a panic sell off causing real long term investors to dump as well. We've since recovered nicely and based on our projected fundamentals and especially how Canopy is valued, we should be at 25 USD minimum. That's why I at this point I wouldn't mind a Reddit frenzy again now that it's happened to squeeze some shorts out of our SP.
With all this being said we're not just a "weed stock" and the SP doesn't reflect our company that as I said in many previous posts is a Global distribution machine that millions turn to for medical products and recreational. New Zealand today has become another market to us through Tilray. We will be just fine in the long run. Average down when you can and never panic sell and in the long run everyone here will be okay. If you bought at forty and are upset, my suggestion is average down when you can and just be patient. Buy dips and patience will reward you because the favorable winds are blowing in our direction and the general trend is upwards despite short term chaos orchestrated by institutions and media outlets they own to take your shares cheaply.