Good Morning Comments on Pre-Market Good Morning HEXO Investors,
Great day yesterday, HUGH volume and apx 45% gain in shareprice. After hours yesterday seen the share price also experience HIGH volume with the stock closing out the session at $1.71 Canadian.
Just looking over pre-market here. Share price at this moment is $1.19 U.S. Dollars x 1.3383 Exchange = $1.59 Canadian Dollars so trending right around yesterday’s closing price during the regular trading session, or slightly higher.
Expecting another high-volume day here. We will see some new investors coming in to start positions, some existing investors taking profits. Day-traders will be buying and selling based on their own short/medium term view on the stock and our margin players will be hard at work too.
Somewhere between all those trades the market will set the price minute over minute, hour over hours, day over day .. etc. Calling where is best to buy and sell on the day will be near impossible so be sure you are only making trades you can live with as the share price will change after you trade (to your advantage or otherwise).
Patience is it's own reward so try never to break trading rule 101 -> BUY LOW / SELL HIGH. Gains and losses in your account only show up after you sell so try to not poop your pants on the down days, you may be better off just to average down (depending on your view of the stock and how long you are willing to remain invested).
For those interested in watching the pre-market share price you can use this link (you may need to copy and paste it to your browser).
Here is a link to the Exchange Rate Table if you want today’s rate against the U.S. Dollar