RE:RE:RE:Although a low volume day What I noticed in today's trading is that APHA and TLRY were trading extremely sychronized within 2 cents of each (after 0.8381 calculation) right up to 12 o'clock high noon.
It was between 12:00 and 1:00 where Tilray pulled away and created a 15 cent divergence by 1:00. The divergence remained strong for the remainder of the day Closing with a 17 cent spread.
After hours trading between the two companies has narrowed the spread to 12 cents.
Tilray creating some lift for Aphria. Not going to lie that I am surprised by that. I am looking forward to seeing how this plays out tomorrow.
Happy to see your interest in the company, markets and keeping some notes is always good. Good on you Ventura. Cheers.
Ventura2020 wrote: CCD, it did the same on December 28
TLRY +22.01% over APHA Nasdaq.
Today +22.23%
Evened up the next day to +20.55%, December 29
Agreed, there is a boat anchor down.
Still haven't bought into TSX for that very reason...lame!
Cheers,
Ventura
CommonCentsforDollars wrote: APHA - TSX side is a lame dog - It will be good to get off the TSX.
( 079 = criminal house )
TLRY - bullish Close at $8.63
which would be equiv to APHA - Nasdaq side @ $7.23 USD
although as you can see that closed @ only $7.06 USD
APHA is currently the anchor holding TLRY back if you can believe that.
Smarter shorts covering on TLRY or lame TSX... who knows.
Tormorrow shall be another interesting day.
Bears still need to cover a cajillion shares.
Have a good evening everyone!
Cheerio
CommonCentsforDollars wrote: The Tilray chart is looking fairly intact.
Short covering rally / bear set-up for tomorrow?
3.5 hours to go, let's see what the bears have in store.
What is the plan on covering a cajillion shares.... ?
It would be bullish to see a Close on TLRY above $8.60 today.