Good Morning ;)Good Morning Guys,
Well... sorry for the late update.. dragging my old man butt around this morning.. (Before you ask S7.. no it's not a hang-over.. lol ).
Anyhow. Pre-market trading started slow, very low volume and hence some price swings by about a cent or so. Right now I suspect pre-market traders and either gambling on where they think prices will go after the Canaopy Numbers get released or simply waiting to actually see them before trading (everyone is trading their strategy..)
As I write this the pre-market shareprice on HEXO is .67 USD or apx .93 Canadian under fairly normal volume for pre-market (IMHO). News moves the markets and the markets expect Canopy to post number here so we can expect movement on WEED stock as well as some splin off to other Cannabis stocks as a result.
S7 Noted earlier this morning that the short position on HEXO is apx 10%. I STRONGLY urge investors to become familiar with short-selling and research how the activity of short selling reflects on a stock as it explains many of the odd price movements you would see on a stock and why it sometimes APPEARs to be reacting in a completely opposite fashion as you would expect. These "odd movements" in shareprice produce opportunities for investors either to buy low or sell high..
Anyhow, have to cut my morning ramble short here as trading is about to start and i need to run around and get a jump on Canopy Numbers :)
GL to those trading today.
Q