My definition is that in the first hour it was down .30 cents. to me, yes that is tanking hard. Considering that Canopy had not had a drop like in such a short amount of time in quite some time and it had no reason to drop that significantly, that, once again, is tanking. Especially considering it is a stock less than $7 US, a 5% drop in stock price in less than an hour. As a shareholder of Canopy for longer than I have been of Aphria, I can honestly say that 5% drops in less than an hour hasn't happened for me very much.
It did rebound a little.
Bigger picture is that it was extremely positive news for Aphria. We couldn't have asked for better. I am definitely confused as to why shareholders haven't focused on that.
And if the TSX implodes, as the other poster implied, wouldn't that be bad for the other markets? Maybe that was sarcasm and it flew past me.
This is a genuine question...
If we sell on fantastic news, what do we do on bad news?
Better yet, what would've been the response had the advisory board came out and said they were punishing Aphria and were delisting them? What would have been the reaction then?
And finally, what kind of news in regards to resolution of this issue has to come out for shareholders to say to themselves that they're buying in/back in?
