Sell off today in Aphria is a bear trap because nothing will break the MJ sector's momentum until the U.S. election is said and done. Let the shorts build up their positions and let the bulls pretend like they don't care. They can buy back in at double the price. Aphria's fundamentals are sound anyway, a little overseas trouble has had no real bearing on the company's ability to demonstrate itself as the sector leader. And if the Democrats sweep, they will be the leader of a market that becomes x50 bigger overnight. We can talk about fundamentals then. GL.
Commentaire:
PS Don't take the purple bars too seriously. They are merely place holders for the expected momentum.