RE:short positionI dont think anyone said you cant short a pos penny stock sitting at .25 cents.
But investing in a .25 cent pos penny is risky to begin with, shorting it is probably idiotic.
I cant speak for otehrs, but what I said is that if you had $10,000 that you were willing to gamble with high risk shorting, then you're chances are better with a higher priced stock like Tilray or ACB, that have a larger cushion and more likley to fall.
Hexo? The whole point of shorting is that you think the sp is going to fall - exactly how much room does Hexo have left to fall? And at .25 cents - it's very possible it will go up, even short term.
So why would you risk your $10,000 in the hope that hexo will fall .05 cents - and you'll make a lousy $500 opposed to risking $10,000 and the sp goes to .30?
Oh by the way - your 'Marketbeat' 13.33% is WAY out of date, but regardless - to make it relevent you need to look at what otehrs are sitting at.
13% is low compared to other cannabis stocks - but you might as well use current numbers in your posts.
vulcan123456789 - (9/13/2022 4:14:30 AM)
short position
these guys will harp that hexo cant be shorted at current price and therefore theres no shorts here bashing.. if you check marketbeat has our current short position at 13.33 percent... be aware these guys are not here bashing to help anyone but themselves and their short positions.. good luck to those invested... holding strong...cheers