Aphria Inc. APHA

RE:Stock Price going down.

[Max1617]

Max1617 wrote: Hey guys I sense some of you are a littled worried because the price is going down.  It's quite normal to have a drop.  Many investors are taking profits and others realize it will be a a long process to leagalize marijuana.  Leagalization for recreational use other than medical marjuana doesn't really affect APH.  It would help it but it still will do okay with the present laws we have today.   The good thing APH is a profitable company.  By TD Waterhouse fundamentals it makes .08 cents per share with a Price / Earning ratio with current SP is 64. When the stock price was at  $8.00  it would have  a Price /Earning ratio of 100.  To high that was one indicator to take profits.  By the fundamentals the Industry Average Price/ Earnings is 50.  Which is 50 x .08 = $4.00 for a SP.  If you looked at the graph in Nov 2016 the stock price went from $.4.00 to $7.50 then back down and continued up then spiked again in april 2017.   2 warning to take profits and sit on the side lines.  Once the price stops ii's nice line upwards and begins to get volatile that is a warning to maybe at least set  up a stop loss or trail on your earnings. So I am thinking the stock  will move back up up at that point  having support of around 4.00 to 4.30..  After that who is to know. I don't own any shares and haven't done any research but at first glance the fundamental numbers look pretty good. I know some of you will think I am pointing out the obvious but by reading a few comments I get the impression that some investors are new and have not taken a look at the charts.  My advice is learn more and be happy your first investment has decent numbers and has done well.  I cannot say the same for my 1st second and third investments.  LOL  Good Luck