RE:RE:HEXO Level 2 SnapshotBen,
I do not recall "telling" anyone to do any sort of trade. My comments included:
- I am in the process of doubing my sharecount in HEXO Corp at a price of .30 or lower. The price I am using is one which makes a substantial difference to my weighted (Dollar Cost Average) price per share.
- Anyone covering their short positions or starting new Long positions were doing well (IMHO) in the low 30's. I did not expand on this comment however if I provided by minimum low dollar target it would be clear as to why my opinion is as such.
You have to consider that there are likely a number of shares to be covered from prices higher than .30 and covering (buying back the shares) is the only manner inwhich paper-gains and turned into real profits.
Considering the change in policy by the Canadian Government it is likely that more than one Hedge Fund is preparing to buy back large blocks of shares.
I have noted numerous times that I am invested in Cannabis / HEXO Corp for as long as it takes for the US to legalize. Any trade I make until then will certainly not be made at a loss and at the same time I am willing to take advantage of the current pricing to increase my position on the stock and... again... lower my running average.
Best Regards
Q