Post by
Vinny57 on Feb 12, 2021 4:35pm
So Now What:
Calculation: Tilray close $29US X .838 = $24.30US
$24.30 US to Canadian = $30.85
Aphria close $21.55
That's still a spread of $9.30
So:
Either Aphria has some catching up to do or Tilray drops further.
Given the movement today, I believe it to be the latter.
Tilray is being sh!t-kicked right now. Aphria may hold but Tilray is a shorts dream (at the moment).
As far as Aphria's share price for the near future, I stand by with what I posted yesterday. (the tea leaves never lie).
Comment by
Apparently on Feb 12, 2021 5:15pm
I agree that Tilray is likely to drop rather than Aphria to rise to close the gap. On Feb 17 Tilray reports, if good news might get a temporary bump but that would not hold until the merger finalizes. It would take US Federal legislation to get a more permanent rise or some huge business announcement from Aphria or Tilray. Interesting how little Covid affects pot stocks.
Comment by
tired8 on Feb 12, 2021 6:27pm
I agree with your assessment. I think TLRY will trend lower in the near future. GLTA