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Luckybob23 spot on
Dragon have a good point. Anything going up by 400% in day 1 of trading is bound to come crashing down. It did not even make a consolidation pattern before heading south. No products, no sales, no IP to produce the synthetic cannabis. I still have a small holding here after securing my initial investment + a little , as momentum may still prevail.
Exactly. Openly admitted that he/she buys on nothing but hype. The definition of an amateur investor. An idiot straight from the top drawer.
"Been trading for years and for the last few years been making a handsome living of it so I'm no amateur like some in this board"
But
"I bought on nothing other than the hype"
Say no more rodney all credibility lost..
ChaseTheDragon LMFAO. You really expect anyone to believe that you're not a regular troll with a new name???
You also expect us to believe that you make a 'handsome living' from trading??? HAHAHAH
Thank you saviour for you have provided wisdom beyond our simple minds.
F.O.
This is a main market listed Company with time behind it. It's not some AIM listed pump and dump.
I've never once claimed that it will go to £10 or whatever pumpy blah blah people post.
This is an actual Company who made it very clear why they decided to list now. They gave retail investors a rare opportunity to get in early on an IPO and that was taken up with open hands. 13x oversubscribed and at the same ratio as institutions got in. Important thing is a lot of big money is backing this play.
None of your points actually addressed any business fundemenetals because you clearly don't know what you're talking about.
I knew getting in they won't be selling anything until Q3. My plan is to be in for another 12 months minimum after sales start.
How do you know after 5 trading days what sales will be like in 18 months? YOU DONT!
Feel free to criticise but don't make yourself sound like novice. You are exactly the type of individual I have been talking about. You try and join in on anything that's hot and invariably lose it all.
People who make 'handsome' money don't post bulls**t.
See ya! (Until you sign up with a new name).
This is going to be a wellness / athletic sports type cream.. 2 areas beckham sells massively.. Its his natural area of strength. Selling a pretty cheap whiskey was never really a great fit. This is.
Hello board, been a long time lurker but finally bothered signing up for some posts. Been trading for years and for the last few years been making a handsome living of it so I'm no amateur like some in this board seem to be so I thought I could help you with some critical thinking. First to be totally honest with you guys I brought in at the IPO at 5p and sold at 15p, I brought on nothing other than the hype. I know how hype works as I've been in crypto since SR and I've been in many ICOs and IPOs that skyrocket on hype only just because of a few factors. CBX had 3 factors:
1. It was one of the first CBD companies to be listed
2. David Beckham Investor/ Argo connection
3. Social media hype about going to the moon (my favorite indicator swaggystock .com)
These were always going to be reasons that it was going to pump too high. Once you start to look at each one properly the value starts to disappear.
1. CBD companies are popping up everywhere so why on a shelf full of CBD stuff would their unique stuff sell billions? Unless Beckham gets involved...
2. It was made clear Beckham wouldn't be involved in marketing in way, his face hasn't helped that whiskey much... Argo got big because of crypto price not because of one guy, I even brought into the Argo IPO many moons ago and it was a disaster from day one (quantum will make all mining worthless in a few years anyway).
3. If it's being pumped hard on the medias by kids with £100 in it claiming news is imminent you can almost guarantee there's nothing behind the company. Which like in this case theres not alot. You can come out with all the science of you want and I'll agree they will sell something but break even in two years? In reality it's well overpriced.
Unfortunately anyone that offers any criticism other than what they wanna hear just gets shut down and accused of being trolls. Believe not not there is some genuine people trying to give genuine advice that might help people critically think. In my experience if there's more than one on a board claiming something is a bit sketchy, 99% of the time it's a bit sketchy. You have no idea how many times I've checked out someones criticism and it's saved me a fortune. Don't be so dismissive. Excepting you're wrong is way cheaper than bankruptcy.
I hope it's some food for thought for you all, maybe one of you can give me a reason to reinvest I would love to hear it.