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Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


NDAQ:APHA - Post by User

Bullboard Posts
Post by N00bInvesT0Ron May 13, 2020 11:39pm
431 Views
Post# 31025789

Average down strategy

Average down strategyThe share price may be very tempting but buy slowly, specially if you're not good at reading charts. ACB and Weed will report this month and it will not be pretty as they started to take measures that will need at least another quarter to take effect. Even then, those measures are not gonna make profitability, positive ebidta or any miracle on the balance sheet. If you also haven't been following the indices or index price action, they clearly are disconnected with the reality. Meaning they are due for a correction and let's not remember the beautiful 2.65 52W low we hit when the index and indices tanked. This is why i don't expect any positive momentum for the share price except fake breakouts. So this is why I recommend to buy APHA but slowly, at these prices, you are almost guarantee to double your money, like the champions who bought the 52W low and sold on Q3 2020 report. Don't FOMO, don't also try to time the market but be reasonable and smart about it. Fundamentals doesn't always time the price share even if on paper and after you do a benchmarking with the other companies it looks like a steal... Trust me, I learned the hard way, the doctor told me that my back will break if that bag keeps getting heavier. With that average down strategy my back feels better and the doctor cleared me. In a bearish market, it feels like you can name your price and it will happen, who ever imagined 2.65 that is 50% lower than short report price and today a price action at the short report level... I hope that this post will help someone, stay safe and cheers!
Bullboard Posts