RE:RE:RE:Short Squeeze....Spectra7 wrote: quinlash wrote: The consolidation took place in Dec of 2020, any positions started on the stock after that are unaffected. The reduction of shares with the increased sales numbers lows the PS-Ratio on the company therefore making the shares a better value compared to the sector.
Money is NOT made nor LOST until traders exit their positions. Shorts showing a profit need to buy back their short position prior to them making a dime. Longs showing a negative at the moment lose zero as long as they do not sell and wait for the SP to recover.
IMHO we will eventually get the name of the new Fortune 200 CPG partner which will bring attention to the stock and a SP recovery.
I am currently in the red myself, adding on the lows all week.
DYODD / GLTA
Q
Spectra7 wrote:
Just for balance. The astute investors( hardened longs) on this thread will eventually be correct. At some point margin a/c's must be covered or it gets expensive. THAT BEING SAID. The short squeeze that you talk of will catch only the inexperienced. Very,very few margin a/c's are held by retail investors. In the meantime, while other trading strategies see continued and on going declines, $$$ is being banked! Hexo is getting ever closer to it's all time lows. Don't forget that 1-4 rollback in your calculations if you have been holding long prior to the RS, while you " average down" your position. Warning to the naive, innocent, inexperienced investors, don't be influenced by either side of this entertainment site. Do your own DD and educate yourself. $$$ is made as the sp goes up...$$$ is made as the sp goes down...that IS THE MARKET YOU HAVE CHOSEN TO ENGAGE. Only invest what you are prepared to lose. Cheers S7
"Q"...you are 100% correct with the consolidation date and effect on investors after that date. Unfortunately, the majority of the posters on this thread bought and " held" on and for many, well before that date. The current sp would have to absolutely tank to unforeseen levels while averaging down to possibly see a profit in the relative near term ( 6-18 months) in my opinion. There are posters here that emptied their RRSP's...TFSA's and continue to finance this play with borrowed $$$, there for, IF you were in this category you continue to lose $$$ daily holding on the long strategy. I'm sure we both agree that this is ill advised, but for some their reality. Believe it or not, my hope is not for you or anyone else to lose any of their hard, earned $$$, BUT, I have seen many novice investors getting hoodwinked buy the " koolaid club" that sings the praises of the " buy and hold only " strategy. What makes you think that wise margin players have not been buying back and cashing in since the highs of February??? Profits made, while longs currently add to their positions and possible losses IF your scenario does not materialize??? Regarding (impending) CPG partnership. Need we discuss the trading cycle prior-during-after the Molson/Coors announcement?? Some have been involved/following Hydropothecary/Hexo prior to its listing.
The long strategy I use is to average down with new cash then do a partial sell once the new average is exceeded. This both keeps the cash in play at the intended level while driving down the weighted average. I do not trade in weeks and months, I trade in years. The approach works for me and I feel very comfortable doing so on my HEXO holdings.
To each their own.
GLTA
Q