Good Morning + Pre-Market Comments Good Morning HEXO Investors,
I was watching after-hours last night and, as usual, watching pre-market trading this morning. Yesterday we seen after-hours trading close out at the $1.10 USD / $1.47 Canadian price. This morning (so far) we have seen pre-market trading from $1.11 USD / $1.48 Canadian to $1.22 USD / $ 1.63 Canadian. Volume yesterday after hours and pre-market this morning are high (I use 200k -> 300k as average)
After the recent run-up in share price to $1.73 Canadian we seen the market yesterday do a downward correction to as low as $1.40 Canadian. From yesterday’s after-hour’s low to this morning’s pre-market low we have seen $1.50. This may signal that the bottom, after that run-up, is somewhere between $1.40 and $1.50.
We will not know for sure where the bottom will be, nor can we say where the high of the day will be set. What we can do is review our investment strategies, targets and timelines to determine if a trade is warranted based on our own thoughts on where the share price will go during the time we wish to be invested.
Remember the name of the game is BUY LOW / SELL HIGH and to make money. If you are sitting on a profit today and wish to sell your entire holdings, or do a partial trade, then that is up to YOU.. AND YOU ONLY. There is NO SHAME in making money and if the share price should run up after the earnings report the don’t worry about it. If you come out ahead on a trade just consider it a win and try to do it again, and again, and again… that’s how you profit from the markets.
If you are sitting on a loss, again, all you can do is review your timelines projections etc and decide if it is time to average down or hold. Any loss in value you see on your investment does not appear in your account until you sell your shares.
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
GL to those who are trading today.
Warm Welcome to all those who started a new position with HEXO yesterday. For those who decided to sell I certainly hope you did so at a price that you are happy with.
Q