Buy Cellular Goods IPO or here???18 Feb 2021 12:42
Clearly those invested here will want more investors to keep buying here, which would no doubt lead to the SP rising further. The herd are well and truly here and the ramping knows no bounds.
However if you want to make an entry to a CBD stock then surely the best opportunity for a decent profit is to participate in an IPO, if one is available. Until close of play tomorrow everyone has the opportunity to place an order in the Cellular Goods (CBX) IPO and with CBD shares being flavour of the month it could well rise in the same way as KNB leaving you with an 8-bagger or more.
For KNB to 8-bag from here you’re looking at it reaching 360p.
Which is more likely and be realistic???
Admittedly with CBX, due to it being oversubscribed you’ll probably not get your full allocation and due to HMRC rules you cannot have IPO shares placed into an ISA Account, albeit you could B&B them to get them into you ISA Account later I f you haven’t yet hit your 20k allowance.
Next week with the CBX IPO closed, further rises may well occur but wise investors will always be wary of being spiked.
There’s not much risk with Buying CBX in the IPO and there is great upside potential, hence why I have my order in over there.