RE:APHA surge todayThe surge today is the talk all ove the web about a deal for CGC to buy APH at $8 a share.
My feelings as both companies confirmed a deal but did not finalize this tells me the deal fell apart.
I would becareful as the folks buying based on that deal will bail in mass when the deal dose not materialize.
Then with preasure from shorts this will drop
Sinterklaas wrote:
The surge is based on an upgrade from a middle of the road strategist at a bottom feeding investment firm. The reality is that Aphria has chosen a Thursday to report. In the history of the company, good reports only come out on Mondays. Interesting to note, the last ER that came out on a Thursday tanked the stock from a daily high of 8.17 to last week's low of 5.72.