Zenabis Global Inc. T.ZENA

RE:RE:RE:RE:RE:RE:RE:new 52 low coming

[pleazu69]

some more useful advice @quinlash  ... cheers

quinlash wrote: ....and those who went short at .09 likely did not expect to see .21 and are now hoping for a price less than .09 so that they can buy back their positions.  

There are those who try to buy as low as possible for eventual increase in SP and those who load margin on the highs expecting the shareprice to fall.  In all reality we likely have a number of margin positions on the stock towards .20 and would like nothing more to buy out their short position at .09 or .095 and not risk losing gains with a rising shareprice.

If you are not familiar with the short-cover process you should check this out

https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/short-covering/

Hexo may have bottomed out, or is very close, and may begin it's next round of upward movements.  Short sellers on Zenabis will be watching closely and buying back their positions to secure gains. 

If you day-trade / swing trade over short periods of time then it is something you need to be very aware of and pay close attention to.  If you have a long term timeline planned for the investment then these swings matter little.  You can simply buy shares, be prepared to average down if necessary then hold for the period which you are optimisitic on the shareprice moving up higher than where you bought

pleazu69 wrote: some people who bought at .20 cents would say .10 cents was not a reasonable target

Jimmy713 wrote: Agreed, Quinlash. However, one should have a realistic target price. Predicting that the share price will go down to 5 cents is not a reasonable target!!!

Is he saying Hexo will be trading at $2.80, during Covid crash it did not reach that low.