Buy and Sells Anonymous

Why did anonymous buy $2.9 Million in shares today?

Well the fact that today was July 31 month end ...the biggest portion of this was SHORT COVERING ahead of tomorrows Financial Report for Aphria.

They did Not want to risk a run to and thru $12.00... if the reports are losses 1-2 cents/ share then anonymous will hammer APH. We went to cash today

9:30am will tell the tale

House Positions for C:APH from 20180731 to 20180731

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	1,485,787	16,810,216	11.314	1,222,513	13,831,023	11.314	263,274	-2,979,193
39 Merrill Lynch	173,693	1,964,216	11.309	106,269	1,206,548	11.354	67,424	-757,668
79 CIBC	1,083,521	12,256,953	11.312	1,063,536	12,015,659	11.298	19,985	-241,294
33 Canaccord	75,417	855,998	11.35	63,610	720,063	11.32	11,807	-135,935
7 TD Sec	715,020	8,087,533	11.311	705,142	7,984,898	11.324	9,878	-102,635
28 BBS	32,850	373,994	11.385	23,028	262,326	11.392	9,822	-111,668
22 Fidelity	26,240	296,304	11.292	17,976	203,936	11.345	8,264	-92,368
19 Desjardins	27,508	312,445	11.358	19,582	222,522	11.364	7,926	-89,923
80 National Bank	47,463	539,015	11.357	41,781	473,937	11.343	5,682	-65,078
65 Goldman	11,116	124,335	11.185	7,850	90,353	11.51	3,266	-33,982
70 Manulife	1,240	14,174	11.431	0			1,240	-14,174
56 Edward Jones	1,077	12,194	11.322	0			1,077	-12,194
59 PI	3,591	40,938	11.40	2,750	31,020	11.28	841	-9,918
15 UBS	3,340	37,494	11.226	2,500	27,770	11.108	840	-9,724
143 Pershing	22,075	248,790	11.27	21,540	240,916	11.185	535	-7,874
88 Credential	960	10,769	11.218	500	5,715	11.43	460	-5,054
14 ITG	910	10,253	11.267	500	5,720	11.44	410	-4,533
48 Laurentian	400	4,552	11.38	0			400	-4,552
18 Echelon	275	3,157	11.48	0			275	-3,157
8 Eight	10,000	113,300	11.33	10,000	112,200	11.22	0	-1,100
36 Latimer	1,687	19,061	11.299	2,711	30,603	11.288	-1,024	11,542
2 RBC	332,115	3,771,602	11.356	333,394	3,779,197	11.336	-1,279	7,595
101 SG Capital	900	10,197	11.33	3,500	39,546	11.299	-2,600	29,349
57 Interactive	270	3,074	11.385	2,934	33,678	11.479	-2,664	30,604
72 Credit Suisse	3,395	39,055	11.504	7,500	84,074	11.21	-4,105	45,019
58 Qtrade	5,005	56,293	11.247	15,910	181,152	11.386	-10,905	124,859
13 Instinet	105,079	1,187,105	11.297	121,590	1,376,211	11.318	-16,511	189,106
89 Raymond James	34,554	392,472	11.358	51,151	579,100	11.321	-16,597	186,628
99 Jitney	70,100	788,458	11.248	87,600	988,032	11.279	-17,500	199,574
90 Barclays	11,400	130,986	11.49	34,400	390,115	11.341	-23,000	259,129
74 GMP	3,000	34,260	11.42	28,800	328,320	11.40	-25,800	294,060
53 Morgan Stanley	83,907	954,821	11.38	109,915	1,250,327	11.375	-26,008	295,506
124 Questrade	89,245	1,007,346	11.287	141,570	1,603,144	11.324	-52,325	595,798
85 Scotia	303,084	3,443,110	11.36	374,519	4,242,904	11.329	-71,435	799,794
9 BMO Nesbitt	219,991	2,495,551	11.344	361,644	4,109,012	11.362	-141,653	1,613,461
TOTAL	4,986,215	56,450,021	11.321	4,986,215	56,450,021	11.321	0	0

Aphria and Coors August 1 2018- Why?

The Midas Letter highlighted earlier this month that Aphria delayed their fourth quarter earnings release to August 1st—which just happened to coincide with Molson Coors Bewing Co. Q2 earnings results. While we believe the move is probably a coincidental maneuver to harmonize a beginning-of-the-month reporting cycle, it’s also an action Aphria would take if they were getting into bed with a company like Molson Coors. After all, both companies would be reporting certain coincidental operating results and balance sheet line items at that point.

Aphria CEO Vic Neufeld (10:00): “So we have a series of brand activation tactics and activities all lined up. I refer to it as the ‘dominoes are ready to fall’… It’s a matter of when different organizations view the timeliness of this activation, so we’re still waiting…”

I believe the current run reflects some latent optimism that either/or post-earnings conference calls might reveal some nugget of future cooperation between both companies.

Outside of that Hail Mary, the run is likely pricing-in anticipation of more solid operating results. Although most cannabis earnings to date have not moved the needle, there have been exceptions.

This morning, OrganiGram Holdings Inc. spiked almost nine percent, trough-to-peak, after record Q3 financial results which included huge percentage increases in three & nine months net sales, and “all-in” cultivation costs of $0.80 per gram.

Should Aphria “wow” the market with similar such operating results, there could be room for similar upside extension. Keep in mind however, that OrganiGram was trading near 3-month low at the time of today’s announcement, and it currently trading below the opening gap low of the day.

That’s exactly the type of sell-the-news event Aphria wishes to avoid this time around.

Final Thoughts

As I write this article, Aphria has just gone negative on the day—now off about ↓4.50% from today’s intraday high. This would be consistent with OrganiGram’s performance following today’s post-earnings gap-up, while demonstrating selling-the-news is still in vogue. Under such bear market pretexts, the company will have its work cut out for it unless it can “wow” the market in some yet undetermined way.

The Midas Letter

APH Anonymous now on sell side

Biggest Sellers 1st

House Positions for C:APH from 20180730 to 20180730

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
14 ITG	2,756	31,143	11.30	205,050	2,315,259	11.291	-202,294	2,284,116
53 Morgan Stanley	18,385	204,128	11.103	209,828	2,354,311	11.22	-191,443	2,150,183
85 Scotia	279,837	3,158,567	11.287	381,352	4,305,643	11.29	-101,515	1,147,076
1 Anonymous	1,256,306	14,184,016	11.29	1,350,617	15,237,220	11.282	-94,311	1,053,204
9 BMO Nesbitt	250,091	2,819,533	11.274	277,275	3,118,480	11.247	-27,184	298,947
39 Merrill Lynch	225,593	2,547,501	11.292	251,808	2,836,508	11.265	-26,215	289,007
124 Questrade	174,258	1,963,028	11.265	196,533	2,222,910	11.311	-22,275	259,882
65 Goldman	1,330	15,102	11.355	21,770	245,964	11.298	-20,440	230,862
24 Clarus	0			14,000	155,871	11.134	-14,000	155,871
72 Credit Suisse	4,100	45,791	11.169	14,800	168,259	11.369	-10,700	122,468
13 Instinet	108,944	1,234,283	11.33	116,619	1,313,369	11.262	-7,675	79,086
101 SG Capital	6,800	76,333	11.225	13,500	153,371	11.361	-6,700	77,038
36 Latimer	3,530	39,874	11.296	6,216	70,477	11.338	-2,686	30,603
57 Interactive	1,239	14,166	11.433	2,238	25,373	11.337	-999	11,207
15 UBS	27,567	310,656	11.269	26,950	301,463	11.186	617	-9,193
76 Industrial Alliance	700	7,973	11.39	0			700	-7,973
56 Edward Jones	1,500	16,690	11.127	535	5,906	11.039	965	-10,784
89 Raymond James	10,000	114,800	11.48	8,800	100,855	11.461	1,200	-13,945
87 Beacon	1,700	19,533	11.49	0			1,700	-19,533
99 Jitney	95,700	1,087,531	11.364	93,600	1,064,034	11.368	2,100	-23,497
88 Credential	4,139	46,673	11.276	1,660	19,074	11.49	2,479	-27,599
59 PI	7,287	81,925	11.243	3,200	36,000	11.25	4,087	-45,925
28 BBS	24,335	268,236	11.023	19,645	216,854	11.039	4,690	-51,382
94 Hampton	8,562	97,776	11.42	0			8,562	-97,776
58 Qtrade	41,532	470,877	11.338	32,828	374,136	11.397	8,704	-96,741
22 Fidelity	32,620	369,866	11.339	23,717	270,547	11.407	8,903	-99,319
143 Pershing	32,781	364,677	11.125	23,083	263,982	11.436	9,698	-100,695
74 GMP	12,450	138,329	11.111	0			12,450	-138,329
19 Desjardins	26,627	302,340	11.355	13,492	152,878	11.331	13,135	-149,462
80 National Bank	113,049	1,274,814	11.277	90,621	1,027,000	11.333	22,428	-247,814
79 CIBC	1,197,506	13,522,776	11.292	1,156,898	13,070,231	11.298	40,608	-452,545
90 Barclays	44,305	489,840	11.056	0			44,305	-489,840
33 Canaccord	158,273	1,794,749	11.34	106,100	1,200,127	11.311	52,173	-594,622
2 RBC	600,246	6,769,429	11.278	451,093	5,071,277	11.242	149,153	-1,698,152
7 TD Sec	1,051,011	11,865,996	11.29	711,231	8,051,572	11.321	339,780	-3,814,424
TOTAL	5,825,059	65,748,951	11.287	5,825,059	65,748,951	11.287	0	0