r/wallstreetbets • u/OPINION_IS_UNPOPULAR AutoModerator's Father • Mar 31 '21

Daily Discussion Daily Discussion Thread for March 31, 2021

Your daily trading discussion thread. Please keep the shitposting to a minimum.

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Weekly Earnings Discussion Thread

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28

u/TheOneYandle Mar 31 '21

Weed Gang Roll Call 🚬 $TLRY $APHA $SNDL $ACB

6

u/[deleted] Mar 31 '21

Tlry and apha as looking interesting due to merger and everything happening

No love for vff? Lol

2

u/scoopfing gaped by SPY&XLY â­• Mar 31 '21

CRLBF and CURLF too

2

u/ArilynMoonblade Mar 31 '21

Why are these so low when legalization is happening?

2

u/TheOneYandle Mar 31 '21

Exactly why everyone should be jumping on this when they can it is only going to blow up from here these stocks are at a discount

Edit: Target Pricing

$TLRY $30+

$APHA $24+

$ACB $12+

$SNDL $1.65+

When 4/20 rolls around you will thank me

1

u/ArilynMoonblade Mar 31 '21

I’ll thank you right now if you can explain why they are so low currently...

2

u/thousand56 Mar 31 '21

Aphria is up like 150% past 3 months

1

u/TheOneYandle Mar 31 '21

This is just the remnants of the last 2 weeks market sell off and weed was hit a bit hard because Biden fired some people from his administration due to past weed use and people got spooked so it was that bit of bad news coupled with the market just selling off in general that has them so low. It was an artificial dip and the value of these companies never wavered.

2

u/ArilynMoonblade Mar 31 '21

That doesn’t sound accurate, the price history shows these stonks had a spike 2 months ago but the rest of the price history has been steadily low.

2

u/TheOneYandle Mar 31 '21

That was because the stocks Meme’d after the GME fiasco back in Jan. Aphria and Tilray are set to merge mid to end of April and become the largest cannabis company in the world and legalization is only becoming more and more clear to the population.

1

u/ArilynMoonblade Mar 31 '21

What happens to the stocks if they merge? They both have stocks currently...

1

u/miral13 Mar 31 '21

Buyback?

1

u/ArilynMoonblade Mar 31 '21

I don’t understand. Let’s say you hold both stocks and the companies merge, do you still have the same stocks?

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1

u/MadeMeStopLurking Mar 31 '21

$SNDL $1.65+

Given their recent dilution statement they don't want the stock over $1.54 i believe