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Lifeist Wellness Inc V.LFST

Alternate Symbol(s):  LFSWF

Lifeist Wellness Inc. is a Canada-based health-tech company. The Company's portfolio of wellness companies leverages advancements in science and technology to enable consumers to find their individual path to wellness. Its portfolio business units include Mikra, which is a biosciences and consumer wellness company developing and selling products for cellular health and CannMart, which is a business-to-business (B2B) wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards.


TSXV:LFST - Post by User

Comment by steveM45on Sep 09, 2022 10:23am
71 Views
Post# 34951987

RE:RE:RE:RE:No volume for sure

RE:RE:RE:RE:No volume for sureYes, but I was referring to the years of "short squeeze coming!!! " based on short 'volume', vs interest. 
It's one thing to bet on a squeeze if total outstanding 'interest' is high, but short 'volume' is meaningless unless you're a daytrader scalping for pennies. The majority of intra-day short volume is covered within the day.  If they reported how much volume was short covering, my point would be more apparent.

Last I checked, borrow rates were 14-17% for LFST, so I seriously doubt anyone would short down here and carry the position for any signifiant time.
I'm bearish on the company, but not necessarily on the stock. The risk/reward proposition for going short is just not justified IMO, and that's why I feel there is no potential 'squeeze' any time soon.  Yet, it's still one of the main battle cries of the bulls here.

NosajEwad wrote: Short Volume is kind of like watching an MMA fight and wondering how many peple are betting on the unlikely outcome.    I'll borrow x amount and when it goes down I'll sell it back and make a few bucks.   Its not what I have time for but its as valid a technique as Buy Low/Sell High RSI like I try and do if I can.


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