Cannabis (Marijuana) Stocks

Namaste halted this morning! That's 4 straight with a NR

Lol, I had mentally written off all my APHA that I accumulated back in 2017 all the way down to the lows of 2019, averaging at $11, I stopped looking at it when it was stuck forever in the $6-8 range. I can't believe I'm now up >50% on it. Not sure what to do anymore.

jerryhung wrote: ↑ I see it's doing a share offering at 0.35, not really good news IMO? LOL

But it wouldn't halt for that reason, would it? I think it could be HC license approval for Labz.

took profit from APH finally - i assume they would need to start consolidating sometime soon and ill be in again to ride the wave
I did leave a little on them tho incase they keep shooting up

joepipe wrote: ↑ wow. that would put aphria / tlry merger stock price at $23 CAD !!

I sold half my aphria to buy CURA a month ago, so far its working both ways .....

but I sold my damn $5 apha calls too early last month too..... that cost me big

I really didnt see this massive run coming.....

Sounds good, I'm still holding APHA from $16 days and averaged down to $12 over the last 4 months. Does anyone have an idea how a CAD > USD merger works? They said APHA shareholders will get equivalent of 0.84 TILR shares. Does the APHA & APHA.TO stock just disappear from the exchanges? Do the current share values merge into one? I have no idea how this plays out mathematically.

MtX wrote: ↑ Sounds good, I'm still holding APHA from $16 days and averaged down to $12 over the last 4 months. Does anyone have an idea how a CAD > USD merger works? They said APHA shareholders will get equivalent of 0.84 TILR shares. Does the APHA & APHA.TO stock just disappear from the exchanges? Do the current share values merge into one? I have no idea how this plays out mathematically.

yes .8381 shares of tlry

joepipe wrote: ↑ yes .8381 shares of tlry

Doesn't answer my question. What happens to APHA stocks? They just go *poof* and disappear????

MtX wrote: ↑ Doesn't answer my question. What happens to APHA stocks? They just go *poof* and disappear????

yes

MtX wrote: ↑ Doesn't answer my question. What happens to APHA stocks? They just go *poof* and disappear????

yes, poof, now TLRY

jerryhung wrote: ↑ I see it's doing a share offering at 0.35, not really good news IMO? LOL

and there it goes down again lol

pentexplorer wrote: ↑ true don't see other than APHA/TLRY n CGC making it down. CRON has Altria but I have no idea what they have been doing.. it's basically like a shell research company now. The rest is just toast or will consolidate imo. I myself am invested in APHA but might scale out for more Cresco or GTII/CURA/TRUL

APHA is well run, tho merging with TLRY is questionable. I'm not sure what CRON is doing either, very quiet, but they do own Ginkgo Bioworks and they have some promising technology, I can see alot of medicinal applications from their tech.

Can't go wrong with the MSOS

MtX wrote: ↑ Doesn't answer my question. What happens to APHA stocks? They just go *poof* and disappear????

Common sense would answer your question. If 1 APHA share becomes .8381 TLRY shares, what do you think happens to APHA's stock?

Looks like the bull action has slowed down, so I took $900 in profits on a HEXO purchase I made yesterday. The 'long haul buy and hold no matter what' strategy failed for me many times before. So trying quick in and outs now. In when bull volume is clear, lasting a few straight days and out when the crazy green days flatten and stop.

glasses00 wrote: ↑ Looks like the bull action has slowed down, so I took $900 in profits on a HEXO purchase I made yesterday. The 'long haul buy and hold no matter what' strategy failed for me many times before. So trying quick in and outs now. In when bull volume is clear, lasting a few straight days and out when the crazy green days flatten and stop.

Buy high, sell low. Got it.

o1Jeff wrote: ↑ took profit from APH finally - i assume they would need to start consolidating sometime soon and ill be in again to ride the wave
I did leave a little on them tho incase they keep shooting up

same here after holding for almost two years and it feels amazing, i left half my positions before the merger which is supposed to happen sometime in the second quarter.

Very good tweets From market wizard Mark Minervini today

@markminervini
·
1h
I've been trading for 37 years and have enjoyed more success than most dream of and I still use stop losses because I'm not smart enough to know which 10% decline will turn into a 50% decline and which 50% will turn into a 90%. And who is the one that lacks humility?

Out of all the mistakes investors make... by far... the number one mistake that causes the biggest problems is not cutting losses. Those who don't take small losses eventually take large losses. It's just a matter of time before you blow up. My guarantee."

"You will NEVER make big returns CONSISTENTLY holding even the best names. The biggest winners eventually have corrections of 50-90%. The only way to avoid big drawdowns is to keep losses small and sell into strength before a stock has a chance to break. My guarantee."

and a number more here https://twitter.com/markminervini

Most people here will not learn however

zoro69 wrote: ↑Very good tweets From market wizard Mark Minervini today

@markminervini
·
1h
I've been trading for 37 years and have enjoyed more success than most dream of and I still use stop losses because I'm not smart enough to know which 10% decline will turn into a 50% decline and which 50% will turn into a 90%. And who is the one that lacks humility?

Out of all the mistakes investors make... by far... the number one mistake that causes the biggest problems is not cutting losses. Those who don't take small losses eventually take large losses. It's just a matter of time before you blow up. My guarantee."

"You will NEVER make big returns CONSISTENTLY holding even the best names. The biggest winners eventually have corrections of 50-90%. The only way to avoid big drawdowns is to keep losses small and sell into strength before a stock has a chance to break. My guarantee."

and a number more here https://twitter.com/markminervini

Most people here will not learn however

There is a feeling in the air that we are an over extended market right now but still no one wants to miss out on the big gains that continue with this massive uptrend.

Who knows how long this bull market will continue?
It can be another two years. Who wants to miss out on profit although there are warning signs everywhere?

If only we can predict the exact timing of the fall of the titans and the rise of the phoenixes. We'd all be so rich.