HEXO Great Stock to Swing Trade - High VolatilityPersonally I don't care about the HEXO company dynamics that are debated here ad nauseam on a daily/hourly basis. The high volatility in HEXO share price makes it ideal for swing trades. I normally don't hold a position longer than a few days. Bought 25K shares of HEXO on Monday @ 1.83 sold today between 2.35 and 2.37. Nice $13K profit in 4 days. The Canadian cannabis stocks are really just a vehicle for shorters and day/swing traders. There are far better market sectors to be in if you are investing long during an economic downturn.
And if you really are set on investing in the pot sector, the US MSOs are your best bet. But avoid VIBE (California MSO) at all cost unless you want to just throw your investment dollars away.
GLTA