After some guy posted on this board last week or the week before that he added more shares to his position, purchasing them at $21...., I responded by saying
you never buy shares in a downtrend because the share price will likely fall lower.
I also mentioned that APHA was trading on a weekly and monthly downtrend.
I also mentioned that you use a chart to buy shares---use the candlestick chart and weekly time frame, then monthly time frame to decide when to make an entry.
The guy who prounded himself on buying at $21 has lost 25% or more of his investment.
He is a bagholder who will likely have to wait many months to recoup his bagholder loses.
The moral of the story:
1. APHA is still in a monthly downtrend
2. ApHa is in a weekly downtrend, and opened at a low not seen since January
3. Earnings were brutal----lower earnings than the previous quarter
4. The stock is overvalued in relation to the .832... (approx) share swap with TLYR
5. Management announced that sales were lower because of COVID....Welll COVID is out of control, despite the vaccine...so earnings will not likely improve next quarter for APHA, but the merger could change this
Bottom line: Apha's share price continues to drop.
Never buy a stock in a weekly or monthly downtrend.
Why??? You'll likely end up a bagholder.
Therr is no reason why APHA will not close under $16 today, $15 next week, $14... the week after
Investor sentiment is now bearish.
Don't forget that price volatility is hugely volatile. With lots of stock manipulation by smart money, daytraders---who buy and runnup the stock, then turn and short it the same day.
oh, don't forget the algos----computerized software the buys and sells the stock all day when volume is low---manupulating the supply and demand....