Bullboard - Stock Discussion Forum 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... see more

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Aphria Inc. > , but legal weed isn't around the corner

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Post by Ventura2020 on Dec 04, 2020 8:04pm

, but legal weed isn't around the corner

Cannabis got a big win in Congress, but legal weed isn't around the corner

We have a long road ahead, folks. That's why the sell off today. It was a good run up though and some great hype on the UN and More vote. All symbolic though, unfortunately. A lot of stars have to keep lining up.
I think now (for awhile) it will be all on Aphria NR, runup to Q2. From what I saw on the close today, I am very optimistic/confident the company and stock are solid. The stock held up well, stayed in the green at close/held steady up to close, unlike others
Love how Jefferies upgrade the price after it hits high of C$11.39. Aphria moving ahead of the analysts lol.
Aphria is on the right road. SweetWater was the way to go! While the others wait for legalization, we sip on craft beer and bring in more revenue.

Back in next week!

good read, if interested
https://www.google.ca/amp/s/amp.cnn.com/cnn/2020/12/04/business/cannabis-more-act-house-vote/index.html

Cheers!
Ventura

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Comment by hevin on Dec 04, 2020 10:37pm

Ventura: can u clarify: did u sell all your apha or just fun shares (u know what I mean) . ... me: Sold 500 shares today. Of 26000 for a fun profit....

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Comment by Ventura2020 on Dec 05, 2020 1:08pm

Hevin: I have 50% in TSX and 50% in the Nasdaq. I sold out 100% of both, 20,000 shares. My game plan is ...me first, Aphria #2. And...don't get to greedy. Learned a lot from some very wise longs on here. You know what K Rogers says! I will keep some 2020 profit and get back in when I see the right entry point. Aphria was good to me this year and believe it will be next year as well. It will ...more

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Comment by hevin on Dec 05, 2020 1:29pm

Yes, the old 'fear and greed' problem and I too have fell victim to both....but I'm worried if I sell all now, I won't be able to get back in much cheaper (=greed lol).....what's your next entry point?

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Comment by Ventura2020 on Dec 05, 2020 5:25pm

ha, yeah...fear and greed. Human trait that is hard to keep under control. I have not the crystal ball, but I'm looking at low $8/high $7 usd range for now. See what transpires next week. May be out to lunch and lose my position, but I'm okay with that. Won't be the first time I sold to early and jumped in penny's higher. But, have had more success getting in well below my ...more

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