RE:RE:RE:Support LevelHere's an analogy for you. What you've just done is laid yourself across the tracks as a fully loaded train approaches at full speed. You believe it will stop for you. However, most of us here believe, as would Occam's razor say, that it won't, and thus you will be shredded to pieces. More analogy: you're driving while looking in the rear-view mirror, not watching the road/traffic ahead. This results in terrible crashes.
In other words, whatever happened in the past has no parallel to what is happening now. The breaking of a new dawn of cannabis decriminalization in the US (the Congressional vote which occurs late next week), a very lucrative craft brewery that will soon fatten our bottom line, more consumers moving away from illegal pot to legal as the illegals get busted, more legal pot shops and therefore more sales...the list goes on and on.
If I were to short anything, it would be the other pot companies like Canopy, whose market cap is clearly overvalued at 14 billion. That is absurd. Meanwhile, ours is only 3 billion, which is reasonable, if not UNDERvalued.
We'll see what happens, but I'm having no trouble sleeping with my Apha shares, and some good CBD oil.
LeJames wrote: Newly-turned short from long-time long here. I def remember what APHA did and I would like to point out your analogy is in fact misleading as APHA spent quite a while consolidating before the two mega-rallies. Apples and oranges if you ask me. One valid analogy between history and now is Jan 9, 2018. Very, very similar. BTW, euphoria on this board almost always precedes a near-term top.
Ventura2020 wrote:
Bobcaygeon2018 wrote: Question for all the TA people on the board. Nothing goes straight up so what is the key support level on the next leg down? Price is way outside the UBB and RSI is overbought.....I'm thinking $8.76 and then $8.04?
Support $9.98 CAD
Sometimes it does climb straight up with small dips. I believe this is where it's going.
Aphria
Nov 20, 2017 - $10.20
Jan 15, 2018 - $22.18
We all know what happened on that day.
I think the shorts will be ripping their faces off on this go round. If we see a positive Q2 it will be exploring places that have never been explored before.
Honestly, I am having a hard time to find Any reason why it wouldn't. There is just nothing I can find negative about this company right now.
Q2 positive and nothing but blue sky and beyond.
GLTA.