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Ah s0d it Nexus guess life’s to short! Just get buying and don’t be him! Had 25k and just had another 50k 30.5 at the time supposedly 29.9 to buy, they don’t have them! Oh but can sell 100’000s
Thanks for taking the time to reply Barn, a good and knowledgeable read as always, also made me re-evaluate what we have here. Good luck everyone.
@CAR3Y thats definitely me, are we BFF's again?
Nexus I appreciate the praise but like many i've made every mistake in the book, and i'll continue to make them as anyone who doesn't, isn't being honest! I've seen it all with this share over the years but i'm sitting on massive profit in Zoe with some well timed buys at 3.2p , 5p and a few others.
But this share from this price has the ability to make life changing sums to people. A pull back last week is hardly surprising given the rise it has had, the traders all over it, the lack of numbers in the presentation (for good reason) not to mention the external factors in the world. A big sell went through which is now cleared so it will be interesting to see how this performs throughout next week now that has gone, but I think we will test new highs in the near future if you want my ultimate opinion on price!
Could be a rocky week for markets all over, but ZOE is in the best position it has ever been in. There are so many reasons to buy and hold this share, could literally fill pages on it.
OX Distributors main shareholders, CEOs with huge experience in this space showing genuine honesty in recent presentation, CEOs buying at 39p, Spreadbet companies having to buy shares on market, multiple distributors signed in US and internationally, CBD market growing globally, CBD impacts on anxiety/inflammation/covid? tobacco alternatives exploding, new products launches coming, massive margins on goods, online presence growing and award winning, marketing activities pumping up, on top of regulatory issues and signed up with global law firm to aid this, no dilution required for growth, seed side of things being validated, rolling out to stores now even with Covid, can go on and on on.... also their products are amazing i urge you to try them if you haven't!
But ill stop there as i want add some shares on any weakness this week :)
Good week all!
Evening Nexus, anyone who tells you they haven’t made all those mistakes too, is being economical with the truth. And guess what you’ll probably make them again, but that’s human nature. The other way is to do what some do and sell as soon as they make 10%, you find these people ramp and deramp. They are generally scumbag con artists trying to take money off you! Easy to spot. Imo best to buy a share that you believe in and stick with it.
@ Barn you seem to be quite knowledgeable in the mechanics of stock trading, Its refreshing to read a post from someone who seems to know what there talking about.
This is the only share I've ever held (way back in 2016) Unfortunately during that time, I've made every mistake in the book -
Invested more than I can afford to lose... check
Got personally invested in my share... check
Been influenced by hype on bb's... check
During this period my knowledge of stock trading has improved, but is still basic.
I would welcome your take on the current price drop and what you foresee going forward.
If anyone is going to reply to this thread with comments like, "a fool and his money... blah blah blah" don't bother.
@barn0 Thanks for the explanation. On a personal note i'am hoping the sp drops abit more,only because I had a stop loss which got triggered last thing Friday. So while iam out might aswell try and get more on the cheap.
BB
No quite the opposite. They are too exposed to allow more people to go long and probably why they are buying shares on the open market and hence the holdings. Some large players have them by the balls and if they continue to not close out their long bets as well as buy shares on the market at the same time, spreadex and Co have to keep adding... buy buy buy squeeeeeeze
So in laymans terms then are you suggesting spreadex have a big short on.
BB
Except in this case you will see that Spreadex, IG etc are no longer allowing people to take out new long positions - go on try it! They will not let you as they over exposed to this share price rocketing further as more and more investors get on board to the monster growth in CBD products and tobacco alternatives.
You will also see that one of our largest shareholder's John Story is holding a huge number of shares both in terms of actual equity and existing long positions (look at the recent holdings RNS).
So given we are at the start of our journey rolling out to disitributors across the U.S with marketing presence increasing and investors becoming aware of the global potential of this company, you may want to focus on the massive fluctuations in price going upwards rather than down!
They will let you short this company to your hearts content, but they won't let you go Long. Think about it!!!
Watch those margins boys ; )
JESK
"On another matter Spreadex Ltd is a company associated with shorting and companies they buy into often have massive fluctuations in price i.e. when they bought into PRSM."
100% correct
Dunno about anyone else, but it’s not often I see anyone smoking cigars these days, CBD market will I have no doubt be much larger than cigar sales in the near future.
With that said, I’ll post an extract from Friday, from imperial brand, and I’ll let everyone else make their own conclusions as to how much a global brand such as ours in the cbd space going forward might be worth.
29 October 2020
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
Imperial Brands PLC completes sale of its Worldwide Premium Cigar Businesses
Imperial Brands PLC ("Imperial") is pleased to confirm the completion today of the sale of its worldwide premium cigar businesses ("Premium Cigars") for a total consideration of €1,225 million, of which net cash proceeds of €1.1 billion will be used to reduce debt.
The sales were up until March 2020, since then the company has signed 4 major distro deals in the US with a large footprint of 6000 stores in the US which is expected to double soon. They have also signed a major European deal with the products expected in over 15 European countries and thousands of stores by the end of they year. The loss was due mainly to their East Denver project 8 wells which have been sold. If you then add the 300% increase in sales of Zoetic in the UK then you’ll see why the sp is where it is.
I have been following the sp rise of Zoetic and was considering investing in the company. However, I was a little shocked at reading the results to end of March 2020 that the company had revenues of 92K and losses of 6.3 million. Can anyone explain why the sp is so high and why in light of the results this is a good investment? Thanks
On another matter Spreadex Ltd is a company associated with shorting and companies they buy into often have massive fluctuations in price i.e. when they bought into PRSM.