Post by
DumbOracle on Apr 06, 2021 9:57am
Hmm...
The little MarketWatch piece about the lowered earnings estimate smells funny to me. Stifel's reasoning seems pretty broad and unspecific to our company. I still say get some while you can and don't expect too many more days in the low 20s.
Comment by
Shazam57 on Apr 06, 2021 10:04am
Especially when you have 2 companies promoting Aphria.
Comment by
Shazam57 on Apr 06, 2021 11:33am
This is the article I read. https://www.marketwatch.com/story/aphria-revenue-estimates-lowered-by-stifel-ahead-of-q3-earnings-on-weak-cannabis-consumption-trends-2021-04-06?mod=cannabis-watch
Comment by
DumbOracle on Apr 06, 2021 11:59am
Sorry Harjay, that is a much better article and paints a clearer picture of the strangely broad spectrum of ratings. The marketwatch one is brief but is the prominent news lead when googling Aphria. Basically a very easy to find negative header posted right at opening. Seemed off to me but hey, just an article.
Comment by
newfrontierMJ on Apr 06, 2021 12:34pm
So then why is the rest of the sector down? In the past I've seen significant upgrades to companies and the stock still free falls. In my opinion it's a combination of algo's pulling down the price, coupled with weak hands all compounded with lack of enthusiasim. It also doesn't help when retailers have been cleaned out of their cash with these crazy stupid price swings.
Comment by
Oldweed on Apr 06, 2021 12:42pm
For at least the past 2 weeks BNN has been putting out cautions to investors warning that Canadian LP's have benefited from the prospect of US legalization and are trading at levels not warranted. The hype should have only affected the MSO's at this point and is premature for the Canadian LP's to see any benefit.
Comment by
Positivelive1 on Apr 06, 2021 12:59pm
BNN is a cartoon show! Anyone who basis their investment decisions on BNN is very amateur!
Comment by
Paray99 on Apr 06, 2021 4:34pm
Simple, big investments coming in.... and they will do everything to pull down the price to get their entry... Patience will be paid off here... So just hold! My target is $40 in about a month.
Comment by
FOMOsapien on Apr 06, 2021 5:16pm
Marketwatch had an article out earlier today about sifle's lowered ER prediction for APHA's upcoming financials. That maaaaay have had a bit to do with today's BS. Either way, I think patience is the play here!
Comment by
CommonCentsforDollars on Apr 06, 2021 1:11pm
If they were specific they would say that they are getting buried on their short position so they are re-rating before earnings unlike professional institutions that re-rate AFTER earnings as they are looking for a window to cover their short position. The market manipulation of this sector appearingly doesn't end. Pissed at this total bs. Sorry for all longs.