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Cannabis stocks are a new marketplace
There will be winners and losers and a few taken out
This is not a short term play
It’s a 2 -5 year play
Give it at least a year before you decide
If it’s good in 6 months at 20p upward it’s an absolute steal at 5p
If you thinking about investing , add a small position
I’ve done that and will be adding more
I’ve done plenty of research and continuing to learn more about this nascent industry
The future is bright once accepted by the mainstream
Eventually governments and policy makers are going to come on board - think of the potential tax revenues
As a sector I’m a believer
As far as MGC I’m a big believer , it’s money I can afford to lose , I don’t need it immediately so it’s in and I will be buying more as soon as I can
Good luck and please DYOR
Agree that it could settle lower
It’s all about time vs return perspective
It could drop a bit because it is already at a multiple x 3 from float price
That’s a great return in 3 weeks
Or it could fly on good news and then once the usual profit taking happens after the herd gets in it could drop again
I personally think and it’s only my opinion that the general curve of the graph will be upwards with higher lows and steady increase with the odd crack spike upwards and downwards
If someone has funds they can tie up for a year or more this could be one of the best plays out there
Good luck
It can be a cash offer and a cash plus shares offer
Depends on the deal
I think investors get a chance to take up their chosen option
So if this gets taken over before a Billion pound market cap
What have we got ?
A potential 5 fold increase from current ?
Sorry for the back of a fag paper calculation lol
Far to early in the journey do a share buy back
In a year or two is a possibility
What I find is if you look at the share price every day it’s not good for your mental well-being
If you can afford it just leave your funds in this
Check in a year from now - you might be very pleasantly surprised and your bank balance will reflect it
The slow and steady patient investor always beats the short term day trader
This is 20 x worth in 2/3 years if you are prepared to hold
It’s the start of the cannabis journey as it’s new to the market here
This has first mover advantage with potential multiple revenue growth streams
What’s difficult to understand - it’s a winner
Good luck whatever your time horizon
If the money you’ve got invested isn’t going to change your life today it really could in a couple of years
Let that sink in ;)
Patience might be the way with this
There will be spikes along the way , a guaranteed way to lose money if you chase the herd
Very few will make money and get out
But many will be left holding the baby
This is a long term play
Sit in for 2 years and see where it goes
CBX might be worth a long punt with a few spare quid but literally spare cash and leave in an ISA for a few years
Hope you’re all still Holding
Sit tight
Patience will be rewarded
I’m not talking 6 months
I’m talking 18-24 months
This is one of the best recovery plays out there
Good luck and stay invested
Excuse the typos
Good luck and DYOR
Also this is up substantially from float price
It’s still way up
It’s a fantastic return if you double your money in a year let alone a week
This a patient holders play
Don’t expect miracles
What I don’t understand is the level of personal vitriol
Just buy / sell but don’t make it personal
Just ignore the noise and do your own research
When the plumber starts giving you share tips be careful
Lol
Sorry meant week !
Good luck
If you look at the prospectus and news all the good news us coming 2nd half 2021
Sit tight and top up if you believe
What has changed since last year
No reason apart from some people profit taking and others having to sell as they have settlement
No panic needed
Buy when others are fearful and sell when the herd comes in
If early investors can exit for 5 times their money they will take it and run
Then as it calms down after the initial hype the long term betters amongst them will come on board for the ride
They took the easy money
Agree
We’ve got in early
Currently at £50k in 3 or 4 tranches
Must admit it’s hurts when price drops but it’s all noise
My original investment was for 2-3 years at least
This is the first cannabis ipo in the U.K. and is not a one trick pony , there are several products that look promising
All it needs is 2nd half of the year to go as planned
But in for the long haul
Why can’t we sit and wait for 12-24 months
I can guarantee we will be happy
We mustn’t be impatient
This price will drop as volumes grow
A big store starts stocking it and you pay the price they want not the price you want
It’s good news all round
The patient investor is usually rewarded
Will top up and staying on board for the next 18-24 months
Buy when everyone is running
Sell when the pack come on board
Good luck all and DYOR
It’s because everyone wants stocks to go in one direction
When it’s not jumping , people are disappointed
Now some have probably jumped ship with a loss as the are impatient and sweets to be had elsewhere
Investing is a long term game
If we see 10 % up watch everyone return