RE:RE:RE:RE:We re due for a NR.... When you are considering shareprice you should hope for the best and prepare for the worse so invest what you can emotionally handle and try your best to check your feelings at the door. Strong research will improve your odds and remove much of the guess work.
For price movement you have to ask yourself what is likely to move the shareprice up or move the shareprice down then trade accordingly. If you are convinced a SP will go down over time you can take up a short position, if you believe it will go up you go Long.
Currently we have a few articles out there on the new drink JV so that may be bringing attention to the stock there has also been news out on US Legalization progressing through the Senate prior to the end of 2021. The SAFE banking Act approval (or speculation of) could very well be a big factor as to why we seen all Cannabis stocks move up yesterday. If the bill passes into law that news will hit mainstream media with investors turning their attention to Cannabis stocks and some of those investors taking up positions in HEXO Corp.
It is my opinion that we had a good amount of emotional selling over the last few months which has left the SP at drastic discounts. This doesn't mean it can't go lower however I see more upside than downside and worth holding for extended timelines.
JMHO / DYODD
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