RE:RE:Where is the top???/Well said Dell. One big difference was when the price shot up 2 years ago, it did so on pure excitment about a new industry, completely devoid of fundamentals. This time it's quite different: Aphria has proven to be the #1 cannaplay in Canada, if not the world, with a string of positiive ebitdas and growing revenue...we haven't even yet seen the full effect of Sweetwater earnings, but will in next quarter. With soon to own Tilray, we have all the 2.0 products too. Chowie Wowie chocolate is one of my favourites, for example. We haven't even hit the MORE act yet which Schumer said would be coming in the 1st 117 days of the new admin. So now we have alot less speculation, but more accurately represented value; if anything, there is a strong argument we are still undervalued, especially when compared to Tilray's price and Canopy's outrageous valuation. As Europe and the US legalize/ decriminalize, Tilray and Aphria are a juggernaut combined...
glta longs, and shorts go bankrupt and rot...
DELLicious wrote: As once a great song proclaimed not to belive the hype, there is no way to tell which direction and how far the SP will move. I would, however, be extremely cautious about the SP movement. Quite a few of us went through a similar hype 3 years ago only to be disappointed and left holding the bags for a long, long time. The fact that the price shot up so quickly in last couple of weeks does not mean that it will continue like that.If anything, it makes me rather nervous that it may go back down equally fast.
Current SP is based on hype and futures and not on the current state of affairs. The sector is highly speculative with a few catalysts that may propel the price up - merger and a possible US legalization, which may or may not happen. Of course, you know what's going to happen with the SP if legalization does not happen.