On January 5th, right before the Georgia election, we gave a signal to buy marijuana stocks. We provided 12 marijuana stocks as part of the Core Marijuana Model Portfolio. Aphria (APHA) has been in the Core Marijuana Model Portfolio for a long time. APHA is now merging with Tilray (TLRY). The surviving company will trade under the symbol TLRY.
Yesterday APHA in a surprise showed strong second quarter results. Revenues came at C$160.5M. This represents an increase of 10% from the prior quarter and an increase of 33% from the same quarter a year ago. Those who bought on January 5th now have 129% gain in nine trading days.
What To Do Now
Never look a gift horse in the mouth. There are large profits in a short time. ZYX Method calls for always booking some profits. Those with short term horizons and positions in other marijuana stocks may consider taking partial profits based on personal preference in the zone of $20.30 to $24.43. TLRY is trading at $21.43 as of this writing.
Most investors should consider holding the very long term position which equals 20 – 30% of full core position size and taking profits on any larger quantity.
This post was just published on ZYX Buy Change Alert.
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