RE:RE:RE:RE:, but legal weed isn't around the corner ha, yeah...fear and greed. Human trait that is hard to keep under control.
I have not the crystal ball, but I'm looking at low $8/high $7 usd range for now. See what transpires next week. May be out to lunch and lose my position, but I'm okay with that. Won't be the first time I sold to early and jumped in penny's higher. But, have had more success getting in well below my last sale.
I think we may be in a small lull after all this excitement, with some flat lining, dips and peaks until run up to Q2. But who knows really, has been a crazy month. Unless there is some other catalyst that I don't know about. Biden/Kamala, UN, MORE all done for now I would say.
Now we may find out the real strength of Aphria and how much the market likes its portfolio.
https://www.google.ca/amp/s/fortune.com/2020/11/25/biden-executive-order-democrats-paris-accord-who-student-loans-legalize-marijuana-regulation/amp/
Relaxing the ban on marijuana
Cannabis was a big winner this past election day, with residents of Arizona, Montana, New Jersey and South Dakota voting to legalize its recreational use. That brings the number of states allowing adults to consume marijuana recreationally up to 15, but it remains illegal on the federal level.
Ironically, Biden, whose 1994 crime bill increased penalties for drug-related crimes, now supports decriminalizing marijuana. “Wipe out the record so you can actually say, in honesty, ‘Have you ever been arrested for anything?’” Biden said in a televised town hall ahead of the election. “You can say ‘no’ because we’re going to pass a law saying there is no background you have to reveal relative to the use of marijuana.”
If the Democrats don’t win back control of the Senate, however, any marijuana legislation is likely dead in the water. There are some executive actions Biden could take to push cannabis towards legality, but it’ll be a question of how far Biden wants to go considering he still opposes outright federal legalization.
hevin wrote: Yes, the old 'fear and greed' problem and I too have fell victim to both....but I'm worried if I sell all now, I won't be able to get back in much cheaper (=greed lol).....what's your next entry point?
Ventura2020 wrote: Hevin: I have 50% in TSX and 50% in the Nasdaq. I sold out 100% of both, 20,000 shares. My game plan is ...me first, Aphria #2. And...don't get to greedy. Learned a lot from some very wise longs on here. You know what K Rogers says!
I will keep some 2020 profit and get back in when I see the right entry point. Aphria was good to me this year and believe it will be next year as well.
It will be a good day when Cannabis becomes a stable/respected stock to invest in, sit back relax and watch it climb over the years. Unfortunately right now, The stigma of C1 is still lingering around and investors like me are still hesitant on holding for to long.
Aphria is on the right track to be the most respected, well run, profitable, strategic Canadian LP out there. If they keep up what they are doing, 2021 will be a great year and I don't see any reason why it wouldn't be in the $20 range.
Cheers!
Ventura
hevin wrote: Ventura: can u clarify: did u sell all your apha or just fun shares (u know what I mean) . ... me: Sold 500 shares today. Of 26000 for a fun profit....
Ventura020 wrote: Cannabis got a big win in Congress, but legal weed isn't around the corner
We have a long road ahead, folks. That's why the sell off today. It was a good run up though and some great hype on the UN and More vote. All symbolic though, unfortunately. A lot of stars have to keep lining up.
I think now (for awhile) it will be all on Aphria NR, runup to Q2. From what I saw on the close today, I am very optimistic/confident the company and stock are solid. The stock held up well, stayed in the green at close/held steady up to close, unlike others
Love how Jefferies upgrade the price after it hits high of C$11.39. Aphria moving ahead of the analysts lol.
Aphria is on the right road. SweetWater was the way to go! While the others wait for legalization, we sip on craft beer and bring in more revenue.
Back in next week!
good read, if interested
https://www.google.ca/amp/s/amp.cnn.com/cnn/2020/12/04/business/cannabis-more-act-house-vote/index.html
Cheers!
Ventura