Post by
skyplt on Apr 12, 2021 4:25pm
Tough Day
I am not nearly as deep as I used to be, but a 14 percent decline no matter how much you own is tough to watch. I guess it remains to be seen what the analysts will do. I am particularly interested in Zamparo's revised assessment, if any. As much as I disliked some of his calls over the last couple of years, he has been relatively accurate. Hopefully CIBC retains 28CDN (which is what my sell order is set at...not being on margin, not needing the money, and not having it all on APHA makes for less long term angst). I still believe the story is not over for APHA. This time last year when we were complaining about the stock price Mr. Simon was in the midst of talks with SweetWater and Tilray. Perhaps it is wishful thinking, but I believe in the Irwin/Carl duo and see APHA as the cannabis holding to have in a balanced portfolio. I am neither buying or selling at this time, just holding onto the shares I have as I believe in the long term prospects. That being said...ghost, you were right, but...there is being right and then there is being an a$$hole about it. Not sure how necessary it was to brow beat some here who are obviously hurting. A lesson was taught by you, but you had the opportunity to educate without humiliation. I do have an understanding of candlesticks, Bollinger Bands, and RSI and did not see negative 14 percent coming. To be fair, I did think Stifel raised a few salient points regarding decreased sales. I did not predict, but felt we would come in around 160 to 170M. I was wrong. If I knew what was in store I would have sold while marginally in the green on Friday. That being said, I am more fundamentals than technicals. I have had the privilege of direct communication with both Mr. Simon and Mr. Merton. They are not only good at what they do, but they are good people. That has been a bit of a rarity in this sector. All the best to each of you. We are all attempting to navigate a very mercurial sector. Better days I hope.
Comment by
Medicalcan on Apr 12, 2021 5:08pm
https://m.investing.com/news/cibc-stick-to-their-buy-rating-for-aphria-2472067
Comment by
CaneIsAbel on Apr 12, 2021 5:15pm
I love reading your posts. I thought 170-180 as well. With that being I just watched Irwin on CNBC. I'm not phased just surprised when I should have been prepared. I didn't see 15 percent. No one did.