Member Info for EnricoPallazzo

Ah, that's the best thing about this share: just as people get bored and switch off, there's a sudden jump in the SP at 16.10pm because Polar decide to buy more shares.

I wouldn't bet against this happening again soon, especially since Meg's cat said there would be unexpected news in six to eight days (that is three to five days now). My bet is on Monday 1st March; I reckon Polar will somehow know good news are in the offing and they will kick off their purchase this Thursday. It's going to be fun watching traders jump back from test companies to Synairgen.

Wishing all Synners an excellent week!
EP

I think the share price has found the bottom. It's easy to keep posting "I've told you so" and "the smart ones sold early" with a hindsight. Funnily enough, none of the wiseones actually called the top of the rise a few days ago; they were all either ramping like crazy or posting about an imminent crash when the SP was at 20p.

Investing is tricky, and one had to go against the majority sometimes. There's no need to gloat and pretend you always get it right. I said we'dfound a bottom when the SP was at 26.5p, and we aren't much lower than that yet.

ATB
EP

Looks like we've found a bottom after an almost perfect Fibonacci retrace. Buy and hold if you want to benefit from the inevitable recovery.

ThinShins,

People were saying exactly the same thing back in October last year. In fact, Boris was saying a similar thing (not about SNG, about Covid in general) in April.

As Mark Twain once said, the reports of Covid's demise are greatly exaggerated.

ATB
EP

How did you conclude it was a sell? Went through at 5.20pm, at 40p. It isn't the same trade as the one from 8.05am.

Monty,

Your post didn't mention the price you'd bought at; you simply said -29%, so I assumed you were talking about today's drop from the opening price (39.5p) to the price at the time of posting (30.5p), which was 23%. Not sure I'm rambling (I occasionally do), you simply didn't provide the context.

ATB
EP

Closed at 31p. I don't know where some people shouting -29% get their numbers from: the SP hasn't gone that low today

Vela made some nice profit but they could have made twice as much. I suspect there is another RNS of that kind coming on Monday.

The only way is up!

HappyInvestor,

I've just read your posts on the BP forum. You believe in oil, and bash green energy and anything modern.

Alfred,

That's a good point. I'm much happier now taking the bashing for their wives' sake! :-)

ATB
EP

"Globally, the legal cannabis market is worth $17.5bn (£13bn, €14bn). But it’s poised for significant growth, with a 2027 forecast of $65bn. The reasons are two-fold. Legalisation efforts are ramping up in the West. Recreational cannabis is now widely accepted throughout many parts North America and is gradually being accepted more readily for medical use worldwide.

In Europe the market share is still very small in comparison with Canada and the US, but it’s forecast to grow to €2bn (£1.7bn) during the next four years."

I agree: this is going much higher.

I accept that people have different opinions on particular shares and may be bullish or bearish. However, I can't understand why some people gloat when others lose money, and call them all sorts of names. These nasty types must be very sad individuals, perhaps lacking love and hugs? Or is it just the lockdown that's made them nastier?

Now let's have the mother of all comebacks.

I think it's too early to talk about channels. Wait a month and then there'll be sufficient data to do channels.

I reckon it was a buy, and shares were needed to fill it.

A 1m buy at 40p has just gone through. That's why the price had to drop: to fill that trade.

Kanabo already bouncing back after a similar drop.

Great article! I can see vision, focus and reasonable targets. I like the fact that the company is planning to become a leader on the European market and is not planning to enter the already crowded US market.

Onwards and upwards!

This is common among cannabis-oriented companies at the moment. Very few of them are making a sizeable (if any) profit now but it's all about the potential. A £100m market cap may seem high but remember that some of KNB's peers in the US and Canada are valued at more than $1bn or even $2bn, with P/E ratios as high as 150. The situation is not dissimilar to that of Bitcoin miners: their current valuations assume a growing and sustainable Bitcoin price.

The game is not about what the company sells now but how much it will be earning next year and after that. If KNB were making £40m per year already, the MCap would be closer to £500m, i.e. an SP of £2.

I believe this is going places, so I'm happy taking a risk at 42p. Unfortunately, my broker didn't allow trades in KNB yesterday, otherwise I'd have loaded up in the low twenties!

ATB
EP

Why the panic? It's barely down (-1.2%). Sit and watch it recover tomorrow and sail to a new high.