Aphria Inc. APHA

Another shite storm today

[Ghostinthedark]

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.

[skyplt]

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

[Willieboy56]

Ghost, You called it. Do you see a bottom after this report/quarter? Do you think covid is the main and only reason for this poor quarter? Will earnings ever improve once we have herd immunity? Thanks Willie

[Humanist]

hey ghost, are your sp estimates in us or cdn dollar? thx  btw i think you're so right about it the sector is in free fall.. !  glta

[WarrantOfficer]

Fully concur Ghostinthedark: Company valuation did not even come near revenue stream, as for many of the pot stocks.  It ws just a matter of time before a huge correction in the sector. Correction does equal opportunity. When USA comes on line, the market will be flooded with pot.....