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In the last few months, we've seen just a few scandals - some very minor - push marijuana shares' prices down. That's natural in a new industry like this.
On Aug. 1, Aphria Inc. (NYSE: APHA) shares opened at $5.35. But after it reported earnings, APHA zoomed to an intraday high of $7.45 on Aug. 2; that's a nice 39%, one-day "pop."
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.