Member Info for EnricoPallazzo

Hitting and holding $3 would be better: it removes a few hurdles.

I'm not in a position to teach anyone a lesson, and so I apologise if this post sounds patronising, but I have made some terrible investment decisions in the past and, hopefully, learnt something from them.

The most important thing is not to get carried away with enthusiasm and become too greedy. If you have your target in mind, try to stick to it. You may readjust the target as things develop but don't forget the initial plan: if you planned to take some profits out after a 50% rise, do it, no matter how bullish things look like in the heat of the moment. FOMO is your worst enemy: no-one has ever gone bust by taking a smaller profit or missing out on an investment but many have been bankrupted by jumping in and getting spiked. Also, the market often turns when everyone is overly bullish; similarly, a bottom is often found when everyone is overly bearish.

The beauty of ARB is that it is seriously undervalued even at a $30k BTC level, so it is bound to try and catch up with its peers in the short term. (The rerate started in the US on Friday.) That's why I think £2 are in sight as early as tomorrow. However, any talk of £4-£5 points is premature at this point, so don't hold your breath for such a rise this month. (If BTC goes crazy and goes to $70k, then we may see those levels but that will be a short-lived spike, as people will take their profits.) Once we are listed on NASDAQ and BTC has progressed to $60k-$70k, those levels will be achievable.

The greatest advice I've ever been given is to consider whether you'd put any fresh money into a particular share at the current level. If you're unsure, it's probably better to walk away. You may get lucky if you jump in but you may get badly burnt too. Those already sitting on a 10-bag are naturally more relaxed about possible drops. (But remember that they are sitting on a 10-bad because they were brave enough to make the correct decision a year ago.)

It's a difficult dilemma and I'm still learning.

Have a lovely week!
EP

But Oxford Garlic, Oxford Beetroot, Oxford-Zeneca Turmeric and vitamin D are all in...

Perhaps they hit an oil deposit as well? It would be useful for all those hungry monster trucks.

Yes, battered caviar and chips!

I think we'll see a combo RNS next week: start of ACTIV-2 recruitment + first patient dosed + manufacturing update.

We shall witness a new ATH of $49999 at lunchtime today. Don't choke on your pie, burger or caviar!

Might clinch it or trigger a divorce. Think about Jeff Bezos: I bet he forgot to buy a card and flowers every single year...

An increase in CGT is fine, as long as he keeps his hands away from ISA accounts.

The best way to raise money would be to prohibit all sorts of dirty tricks used by the very rich to avoid tax and conceal their wealth. But that would hurt his own wife and her family, and his good pal Rees-Mogg, so don't hold your breath! :-)

Shooter,

Are you sure one can't pay into more than one ISA within the same tax year, even if the total amount doesn't exceed 20k? That would be a surprising rule. I believe that it's the total limit that matters, not the number of ISA accounts.

Sorry, just found the relevant RNS's with that information. Cheers!

Do you know when KNB is supposed to start trading: this Tuesday? Is there any indication of the IPO price?

Cheers! Do you mean Kanabo's mcap will be 24m on admission?

The other day, someone mentioned two other cannabis-focussed companies to list on the London stock market. I can't find that post now but I believe they would be smaller than MXC, and without a dual listing. Can anyone shed some light on that topic, please?

Also used as a verb: to hanc*ck something up.

I'm applying to the UK government for Phase 1 trial funding for the above ground-breaking idea. Forget nebulisers: let's spread the love (I mean the interferon) among office workers, public transport passengers, etc.

I'm filing a patent application as we speak...

And crocodile tears will be known as "Han*ock tears"!

Smokie,

I don't think the BBC has any issues with the blatant promotion of anything with "Oxford" or "AstraZeneca" in its name.

If Boris is confronted with a tricky question about a British wonder drug supported by and approved in the US, he'll just mumble "Alas" + some crap + a Latin expression, and then blame it on someone else. (Most likely Sturgeon, the EU or a new strain of the virus, possibly the Southampton strain.)

I think a 1.65p-1.80p range is to be expected even if BTC loses some of its recent gains over the weekend. If BTC powers ahead to $50k, we should open at 200p easy peasy. Where it goes from there is difficult to judge: as I said earlier (before the excellent price action in the US), two pounds should be cracked relatively easily but cracking the 1bn market cap us a different story. But there is plenty of growth before that cap us reached: we could go all the way to 260p.