RE:RE:RE:Today, ACB will be worth more than APHAThe Constellation deal caused WEED to gap up from $32 to $41 the day it was announced. Then it ran to about $70.
The Cronos deal caused a relatively small gap up, endured consolidation and ran from about $17 to $30.
If Aphria gets a deal of similar size soon maybe we'll gap up to about $16-$18 then run to $30+.
Hmm I wonder what the smart thing would be to do? Bag hold and pray so I don't miss out on a few dollar gap up? Or do what smart investors would do and buy the news around $17 and let it ride to $30+. Seems like I can easily double my money again if I just sit in cash and wait for a deal to happen with zero risk. Of course there are many ways this could play out, we could be bought out in full, we could run to $16-$18 before a deal even happens and gap up to $22. Or we could not get a deal at all and we'll just have to hold long trading at bottom line fundamentals. Thoughts? There's too much money to be made in this industry and I want to play things right going forward. Too many mistakes in the past.