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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

Comment by CommonCentsforDollarson Mar 05, 2021 1:36pm
190 Views
Post# 32729587

RE:RE:RE:SP

RE:RE:RE:SPTo be honest. I got back out of them at $18.97 as the bounce was very quick, too quick. Then I put another buy order back in again at the same $18.36 price ... that got filled without too much waiting,. then watching it plummet past me to $17.51... that succked, however I know this game they are playing today. and I knew it would bounce right back up as the day progress's as they need a tonne of shares to cover,.. just sold the second fill at 19.47 which I know was too early but just I need to protect my dry powder. 

These are just extra traders, and something to backfill the lack of bids this morning,... not my core holding. I needed to sell to get that back to dry powder. I always have a pile of powder on the sidelines for times like today.  HELPING to support the stock and making a few bucks while at it. 

Cheers
momo

hevin wrote: I'm sitting dilligently at the puter admiring your fortitude and common cents in pulling the trigger. I did an eeny meeny miny mo between aphria and C21 then loaded up on the latter's cheap shares. But had I the extra gunpowder, woulda done what you did too.
Darn, but good on ya.
lots of money to be made here by many if we can remember to never sell on fear or buy on greed.
glta



CommonCentsforDollars wrote: I put a stink bid in at $18.36 for potentially a few traders for the day. That got filled pretty dam quick. Too quick.

The problem is when we have DOW jitter days there just isn;t much on the bid with too many nervous nellies.  This gives the short selling bears the chance to put the gas pedal down and hammer time down through the stops. Bagging traders as well down through bounce points.

The 2nd part of the equation is we moved too far on too low of volume. Doesn't really give bears the 56 million shares they need to BUY back to cover their short positions.

Going to be interesting few weeks going forward heading towards the next earnings and whatever other market news comes our way.




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