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Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


NDAQ:APHA - Post by User

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Post by Zevoon Feb 13, 2021 11:14am
351 Views
Post# 32561617

Dead cat bounce

Dead cat bounceAfter a sharp drop Thursday, yesterday’s rise was predictable. Price will move lower this week IMO possibly touching into the $16’s again. Lots of support there. Hope I’m wrong for all you longs, but if you look back at the price end of Jan, beginning of feb, there were many closes in the $16 range, before the big move feb 2nd closing at $18.86 ( feb 1 - $16.04) and then takeoff... Yesterday’s low was $18.60, already breaching feb 2 close, so potential is to fall to support levels. I’ve been long apha since early 2016, and rode the price from a buck all the way to the top and back down without selling. Regrets. I’ve learned, so I sold 90% of my shares on Wednesday massive rise. Never a straight line up. I bought back in at Fri open and again sold half my position in the afternoon, waiting to see what happens next week. I,m confident this merger will happen, but tlry shareholders may giVe this a second look if there is a big spread. Naturally, price will have to narrow next 2 months - where it will be in the next 2 moths is anyone’s guess, but I fell prices for both co’s will be in the $20’s at vote time. Post merger- news will dictate how high. We’ve all seen how how explosive tlry stock price with massive volume can be, but again it’s never straight line up. Lock in profits when you can. 
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