RE:Is this a $2 or a $5 stock right now?People are sheep. It was a good sign yesterday that for the majority of the day APH was down less than 1%. There was a sharp sell-off at the end of the day to take them down to a 3% loss, but all other MJ stocks were hit harder. Same old story day; MJ gets hit hard, but APH is 'only' down 4% while everyone else is down 8-12%.
I can't say why the MJ sector has been getting kicked the last 2 days, but I am sure there are people who are uneducated enough to assume that if CGC is having a bad day, the whole sector should have a bad day too. Perhaps investors have realized that CGC's acquisition of MT isn't anything worth celebrating.
APH and CGC have 2 different paths. It may take some patience, but we'll be rewarded in the longrun.