ZenaTech Inc T.ZENA

RE:RE:RE:RE:RE:RE:RE:RE:Warrants

[ITALBOSS]

Well said Max!

Max1617 wrote: I am totally with you.  I am new to the MJ stocks and all these new companies are similiar.  They need cash, they issue warrants and stock. Same story different company. Depending on the flavour of the month the young fund mangers throw a dart at a board with all the MJ companies on it then attack. Pump it up.  Make their money on the way up and all the way down.  Then leave the inexperienced retail investor holding the bag.  I have been watching for a week now and my advice is do not wander to far when you commit.  If you are not monitoring your investment set stop losses because most stocks that go straight up will come straight down. Know ahead of time your exit price both high and low.  Down is normally fast and furious. Do not go against the flow if you are inexpereinced . Wait until it bottoms and the stock builds a base. Techinicals like RSI, volume, accumilation/distribution graphs along with 2nd level are crucial. Fundamentals as far as I have seen mean nothing on these start ups.  Its like Justin Trudeau is in charge of the spending. 

Something I do believe is Zena will be resonably stable for at least the first 5 minutes when the market opens up on Monday.  After that I cant tell you.  What I do know is the institutions kept the price fairly tight on Friday.  There where walls set up on both the Bid and Ask sides. There was support for the stock in the last 15 minutes running up the share price.  So that is a good sign.  Also the share price has been dropping hard since January from 6.00 dollars. On April the 12th the stock price Gapped down 27% from $2.75 to $2.00 dollars.  Rule of thumb 80% of stocks will cover that gap.  I am not sure about these stocks but it will probably come up to that price of $2.75 someday.  Something I like about Zena is it has a contract with Shoppers Drug Mart  As part of its growth strategy, Zenabis will supply Shoppers Drug Mart with dried cannabis buds and eventually cannabis oil and other products to sell online.  It is approved to graduate to the TSX.  It was formally BEVO Agro Inc and it has not had a major run up yet.  So I am assuming the Fund Managers will still have Zena pinned to the dart board.  I am assuming there are alot of young people investing in these MJ stocks.  Knowledge and technicals are your friend.  Monitor the stock and see how it reacts prior to investing can help you. Have an enter and exit price established prior to committing.  Remember if you are par or in the green it is a good day.  You may have passed an oportunity but there are a 1000 more oportunities in the future.  You need money to trade so be cautious so you can continue in years to come and learn.  If you are up at night worrying about your investment probably it's to much risk.  Good Luck everyone.