Post by
LeJames on Dec 07, 2020 12:33pm
If you want to stick with the sector
Cashed out on Friday and loaded up on WEED. Of course one can argue if APHA drops it may drag the entire sector down, but my base case has been Aphria will need to do an offering pretty soon while Canopy doesn't. Plus, the chart of WEED looks more bullish than the APHA chart which def looks toppy. If you don't think this sector-wide rally is done and want to stay in the sector, WEED would be a better bet IMO.
Comment by
ilvmyt5s on Dec 07, 2020 12:45pm
Why would WEED need to do an offering???? Are you concerned about the bottling plant Acreage has to build in California next summer?
Comment by
ilvmyt5s on Dec 07, 2020 12:50pm
I guess a simpler strategy would be for WEED to make a run for Aphria rather than build a bottling plant. That would push APHA way above $20.
Comment by
Ventura2020 on Dec 07, 2020 1:03pm
And...went to low $8/high $7 as I said, good entry point. I believe $7.98 is support for now. Agreed, charts are pretty much identical and Aphria the best !
Comment by
LeJames on Dec 07, 2020 1:11pm
Knowing Irwin, I would be really surprised if he didn't take advantage of this rally and do an offering. The current set-up would be ideal in that an offering at this price won't upset too many shareholders while a discount can still attract lots of institutions. As for the chart, I guess you guys who think the charts are "identical" don't like the doji? Cheers.
Comment by
Positivelive1 on Dec 07, 2020 1:48pm
But if you aren't invested- why the comments? Bye LeJames!
Comment by
LeJames on Dec 07, 2020 2:16pm
Great minds think alike CCfD. I built a significant long in K over the correction and sold 50% this morning. GC will probably consolidate a bit around $1870 and then resume the surge. Cheers
Comment by
Positivelive1 on Dec 07, 2020 2:26pm
LeJames has a need to be noticed! When someone hangs all of their information on Stockhouse they have a very low self-esteem! Please move to Facebook or some other social media to get your warm fuzzies!
Comment by
LeJames on Dec 07, 2020 2:36pm
Doesn't a person who's afraid of others discussing(not dissing) the stock he/she owns on social media has even lower self-esteem? Anyway, Aphria is a great company. Seems to me an offering can happen any minute now so some caution would be in order. Enjoy the ride.
Comment by
IrishCanuck on Dec 07, 2020 3:23pm
Let's not categorically shoot the idea down. We know Simon is fielding calls of people wanting to partner to APHA now. Depends on the price though... If someone wants to buy stakes in APHA for $20 a pop let's F'ing go here boys!!! $8.50 a piece though... get out of my face...
Comment by
TOONER77 on Dec 07, 2020 4:42pm
Kinda reminds me of the other guy , you know PROF something... He went, to have his thumb removed from his chest. Gee it should be healed by know. Wonder were he is duh ????? maybe a knew name?
Comment by
ilvmyt5s on Dec 07, 2020 1:24pm
WEED needs to catch up to APHA. It's not the charts. They probably will do a raise after their U.S. edibles product line expansion announcement which will make APHA more attractive.