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

Aphria Inc. > Another shite storm today

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Comment by skyplton Apr 13, 2021 7:53am

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Post# 32983529

RE:Another shite storm today

I owe you an apology. Though I did not like "how" you said it; your pre-earnings calls were right.

Ghostinthedark wrote:
OGI earnings tanked almost 50% from prior quarter---from $23million to $14...million

The sector is in freefall, as fear and panic has replaced irrational exuberance.

Recall the the share price of APHA only 8 weeks ago??? $40...plus

thats $24 a share..

OGI...$8, and now pre-market, the stock is $3.00

how about VFF, the darling of the sectoe with positive EPS, down from $24 to $13.84 premarket ---that's $10 a share

the pot sector is hugely manipulated by daytraders who go long and then short, by smart money, and ny the computer algos----after first hour of trading, for the rest of the morning and into the afternoon, the algos manipulate the share price up and down...

The entire sector is a falling knife.

APHA, the best pot stock to own long-term, will break below a major support of $16.99, based on the pre-market share price ( I realize this could change, but premarket provides a good indication of investor sentiment..)

Next major support for APHA, as indicated by the cabdlestick chart on the daily time frame is

$15.23!!!!

We have a falling knife for all pot stocks.
why??? Brutal earnings.