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Thank you everyone for your replies and opinions/advice its much appreciated!
Is Primary Bid the best company to use ?
Hopefully don’t get slated for asking , just don’t want to waste time trolling the web for other companies when this thread has genuine comments. Thanks
I got bitten too, bought into hype with missing the IPO. Massive learning curve which highlights inexperience. Happy to own up to that.
But, I bought with the hope a product comes to market and that hasn’t changed. Was willing to lose it all.
The only loss I have is either on paper or the opportunity to have got more shares for my initial investment. Even if I was up 250% I wouldn’t have sold, it’s just damaging to ones ego.
I’m up on my entire share ISA 80% this year. You can’t win them all.
Brilliant advice all , I got my ass kicked on this too.
It’s good to know there are genuine people
Who don’t take the pi@@ when someone opens up .
I managed to get a small amount in the IPO (£500 from trying to get £1500).
Unfortunately, my broker still hasn’t made my shares available to me yet, so I’m stuck wondering when I am going to get them. I would have probably cashed out already by now. But I’m stuck just watching and hoping I luck out.
But I was similar to you. The week before I was convinced this was going to blow up so I was getting ready to stick £5k in for when it opened. I almost did, but I decided not to, I genuinely thought I probably would miss out but I couldn’t really afford to lose that £5k and given my lack of research it felt too much like gambling to me and I didn’t feel comfortable doing it.
I think what’s helped me with FOMO is establishing your own ‘risk profile’. While I am so tempted to, I will never risk money you I can’t afford to lose, with this investment, I thought yes I’d probably win, but it would set a precident for me to act like this again and eventually I’d miss out.
I think to myself, I am in this for the long haul, I am not trying to do a get rich quick scheme. I want to build something over many years.
But meh, treat it as a lesson, you got burnt, you’ll learn from this and be better because of it. You never know, this share may kick off towards the end of the week :) best of luck to you!
Sorry to hear your story Gareth. It might be worth a listen to @eddiedavis2707 pinned podcast on Twitter. 19 minutes in is when he starts to talk about his investing journey and how he lost money listening to rampers on LSE and Twitter. I'm not long on LSE and everywhere I look there are people talking up a stock like it's the next Tesla and pulling multiples out the air. It's easy to get sucked in. As people repeatedly say DYOR and only rely on your own evaluation. Averaging down needs careful consideration. It works if the sp goes up obviously otherwise you throw good money after bad. It's extremely difficult to place a valuation on Cellular at this stage and it's anybody's guess where the sp goes from here. Don't listen to people saying it's going to up or that it's going back to 5p because they don't know.
Gareth, don't loss hope. I have been in similar situations but we learn from each and every trade. I have lost plenty of money in hurricane energy, carnival, cineworld to name a few but what I have learned from each of them is what not to do and I have managed to recover almost 90% of what I have lost till now by avoiding those mistakes. I hope you will do better in the future. It is good to make mistakes early in investing rather than late as you keep on increasing the size of your portfolio with time.
I started my fund and sahre account with HL on May 22nd last year. I made a few quid on AA and Marstons and a few other little 'day trades'. Thinking I was getting the hang of this, on June 8th I sunk a significant wedge of my savings into Amigo (AMGO), Tullow Oil (TLW), Stobart Group (STOB now ESKN) and Intu Properties (formerly INTU).
On the 9th of June my account balance started a long slide.
By the end of June Intu Properties had gone bust. I was "not happy". I was wondering what the hell I had done getting into this stocks and shares lark.
Over the coming months Stobart slid to less than 40% of what I paid for them, as did Tullow Oil. Amigo faired badly from late summer too.
Eventually one of my other less dodgy shares came back into the blue. I sold them for a small profit. I then put that all into Tullow as that looked the most likely to rise to a saleable level. It did. I sold them. I have since averaged Amigo down and am just waiting for them to make a reasonable profit before selling some (not all) of them. Stobart are still a long way off for me. I don't see them coming back in the short term so they can just sit there for now.
CBX I bought £500 via the IPO. I considered doing something similar to you, Gareth, but by the time my shares came through from Primary Bid to my HL account the share price had dropped from 28.00 to 18.00 so I decided to sit and wait. With this one I am still sitting and waiting.
Some shares will come back quickly. This has happened to me with TUI among others. Some, like AMGO, TLW and STOB/ESKN take considerably longer.
Don't worry and stress, like I did. It may take time but I am pretty confident that this will be back in time.
If you can average down and are happy to put more into this share then it may be worth considering. If not, then it will just take a little more patience until you are back on top again.
Best of luck.
Gareth, I didn’t get in at 5p and did buy shares at 27p at open day. Over time I’ve dropped my average by buying £1K on the dip then selling £1K when it jumps back. I then watch for the next dip and repeat the process. If the SP doesn’t recover but drops further I buy another £1K and wait for that to recover before selling £1K. It’s a bit like day trading over small trades but means concentrating on small stakes and takes the focus from the main block of shares whilst slowing bringing the average down.
Well worth setting up limit buys and sells because with Cellular these spikes are often for fractions of a second.
Don’t lose sleep. The SP is, IMHO, likely to rise sharply on positive news reasonably soon.
DYOR and GLA
I think the trend reverses tomorrow. That 7 million after hours buy at 13p may well have cleaned them out and traders may need to reset. It’s been brutal for people involved from Friday but it will change.
Thank you moonrocket. To be honest as long as my decisions are always made with the best of intentions (in life as well as stocks) I can live with whatever unfolds. I too believe this will do well but I went in a bit heavy and didn't mitigate risk properly
Great honesty right there. Respect . I am long and I think you will see more than your money back but you get some right pricks on here and a lot of vested interests. Make more buys. I put in similar to you but 6 trades over 24 hours so average is ok... but totally know where your coming from. Emotions are powerful. I think this comes good .
Hold in there - short term pain long term gains. You have to lose sometimesto win. Shut out the chat board noise and just close the page on this portfolio, and come back and have a look in a weeks time, and check occasionally. I am in the same boat a newbie and learning. I will have to average down, but I am confident in the long term. I love the proposed product and the potential. The launch of the first product is in September. Listen to the CEO interview on stock talk. Someone in the chat may have the link it really gives you a better informed insight into the company’s vision and stratergy and how they intend to execute their plan.
Remember #cbx said we were on a journey not a one stop short hop. Enjoy the journey and watch how your investment contributes a the creation and establishment of a great brand with so many offerings. You will make your daughter and girlfriend proud.
Best of luck
Fly me to the moon
The moonrocket
Wressmycase I knew it was a pump and dump just thought I would be able to get out with a profit after a day, instead I'm here holding the baby while the other half is out getting chatted up my some Latino fella lol!
Yes an eloquent post Gareth.
Plenty of ill will on the board atm given the SP capitulation.
I invested today at 12.5p. Having watched the price come down from 27 it seemed like a reasonable bet.
We live and learn when it comes to investing. RMS and Amigo are my best plays recently.
And I was very lucky to get away with breaking even on Mode.
The best of luck to us all with the synthetic ganja
A couple of years more experience and u wouldn’t have done that.
Placing (ipo) shares always get dumped. Should hold above 10p though and if you had more cash an average down to about 14/15p you will do ok ??
You’ll be ok my friend you are never down until you sell so just like me I’ll be holding strong until this SP gets back to where it needs to be.
So I thought I would share a bit of much needed honesty on this board. I, like a few people on here im sure are relatively new to trading. I started learning about trading with the same goal in mind as everyone else: to become wealthier so I can better my life and my family's. In the past 6 months I have done reasonably well and learned a lot and I enjoy researching the stocks and gaining knowledge. Like a few others on here I saw what happened with knb and a quick Google of "next cannabis ipo" led me to cbx. I was lucky enough to get £1k at 5p and was so sure the hype and demand for this share would see it eclipse knb's results. On Friday morning I had another £19k to throw at it but hesitated due to the opening price so I put my phone down. Another hour later and it was 27p so fomo kicked in and I pressed buy with that 19k. My average after the ipo shares went in is now 20p and I'm 8k down. I've spent this week depressed and angry at myself for going in with money I can't afford to lose but in hindsight it could have easily gone the other way. The lesson I have learned from these last few days far outweighs the money I'm down and I'm sure cbx will come good next year. My humble goal with all this is to provide the best life possible for my daughter and girlfriend and people need to remember when ****ging each other off to show empathy and humility towards each other. We are all in this for the same reasons and I wish everyone the best of luck with all their investment decisions!