Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
If Anna’s going I’ll be there, with flat cap & whippet, to introduce myself
She’ll more than likely smack me in the face for the things I have posted about CBX
:)
LGO
Rummage through the posts and find the last sweepstake table, modify it & repost here, any posts are good posts with this one
Let’s keep it alive as long as possible
If that is hit
I have told on this board many times I still have a buy on this stock at 12.5p
I that is hit this stock has survived
Any TA guys out there, I am looking to short the S&P big time at 4000 ish, just above the 50DMA & descending wedge back from April, some are saying 4200 as the high ?
but my view is 4200 takes out the down trend ?
Any views ?
What happened to Candle, Ratto & Ad-Mel who defended this company to the max, calling us bears nasty names & suggesting we were all idiots ?
Will the come back on here and apologize to us and admit they were wrong or just disappear ?
Many have asked me why i have remained posting on this board being so negative
I saw post this by an investor on the VAST board and it turned my stomach, hopefully it goes towards answering the above question
" Am down 94% here . Managed to borrow £2000 from family. Am wondering if I should average."
sad :(
This company and many others IPO'ed at the perfect time, during the lock downs when people were locked in their houses with nothing to do. Many new investors were suckered into thinking that it was an easy way to make money.
Any old crack pot ideas that where never going to make money were being floated off, directly in to the path of the gullible, it didn't matter because the share prices were rising, this is when the smart money got out.
The problem was then exaggerated by these bulletin boards, remember the never ending posts like, "give them some time", "the management are world class, they know what they are doing " " the CBD market is massive" all this crap encouraged the gullible to buy more and more shares.
Roll forward 18 months, the share price is 1p, the 3 products they have on the market are vastly overprices and so are not selling, they are running out of money.
What happens next ?
* more cash *
Is there any point of a placing other than to survive, and who would put money cash into it ?
In a bull market they took £ 13m from investors & produced nothing, we are now in a bear market & recession, this is not going to get any easier
Troajan
I agree, i have rolled the dice this year & so far it has paid off, don't really want to give my winnings back to the house.
Cash is good enough at the moment, think i'll have a look round for some nice divi payers for a dividend capture trade to pass the time,
cheers for the links
Yes the copper price chart looks super bearish short term, when It broke through $4 it caved in bit time
Think I’ll put that one only my watch list as a trader, cheers guys, I would have never looked at that closely otherwise
The board is paying off already :)
Hi troajan
Nice to have some more input here,
I have always been one for direct investing if I can, if I think oil is about to rise in the short term I will buy LOIL instead of BP,
Same with copper, I would just buy LCOP instead of the miners, I am strongly moving away from buy and hold investments at the moment, the only reason to hold longer term is for the dividends.
I think with modern trading methods / algos etc. market cycles are coming around much quicker than 10-15 years ago.
Yes, I agree a lot to be said for the boring old dividend payers, reinvest & forget for years, 60% of my portfolio was just that until the beginning of this year
Copper is the bellwether for the economy, when the dust settles & the dollar starts to weaken its a must really
I looked at a cybersecurity co. Last year I think, Darktrace DARK, rocketed to £ 10 per share, I was busy with other things at the time, next time I looked it was £ 5, now about 3.40 ish, some good ideas just don’t play out
Who do you use for crypto/ algo trading ? I must admit crypto is my pet hate, I just don’t see the value in it at all, be nice to have a company I can trade the short side with
Cheers
My crazy view of the market
Since the last financial crisis in 2008 central banks around the world have held interest rates at effectively 0% instead of steady raising rates to a more historical norm of around 6%, so many households & businesses became addicted to basically interest free money
When coronavirus came along the federal reserve in the USA started buying bonds to support the market to avoid another financial crisis, this process went on for far too long, causing the stock market, especially the Nasdaq, to be ridiculously over valued and ready to burst, the ultimate result was inflation, where we are today
The markets have come off their all time high from the beginning of this year, which I expected & have traded successfully, i have now closed my shorts positions and am fully in cash evaluating the next move
The US dollar has reached an all time high this month partly due to the fed raising interest rates & partly due to its safe haven status currency, this along with the recession risk has deflated many commodity’s ie copper, wheat, which generally trade the inverse of the USD. This in turn will effect mining companies which the FTSE has many. Banks in the UK will benefit from the higher interest rates but will be punished by increased defaults on loans due to the recession.
The fed is now trapped between raising interest rates too fast & causing a recession or raising too slowly and allowing inflation to become entrenched
My view is the fed will take a 3rd and more destructive route, they will continue to raise interest rates just enough until the inflation figures start to come down, then they will stop raising rates. This will be fantastic news for the stock markets that the fed has finished its tightening cycle, it will rally aggressively, only to stoke up inflation once more, the fed will then have to start raising interest rates all over again, this will be the catalyst for the stock market crash, many including me, have been waiting for.
So my overall view this year is that the lows are not in yet, I expect some quarter end positioning next week by the big funds so it could go either way, the banks reporting season in the US starts the week after. All eyes will be on the inflation figures, when they start coming down the market will rally, possibly mid next quarter. I feel the crash will be end of this year beginning of next.
I mostly play the US SP500 index at the moment as it the most liquid & traded in the world
3ULS = 3 x short the SP 500
3USL = 3 x long the SP 500
Be careful with these, they can be savage if you get on the wrong end of them, have a look at the charts
As regards individual stocks, I won’t be buying any this year, I plan to buy dividend paying funds after the market crash, ISF etc, IUKD is a good one, I have played this one a few times, even just for a quick in and out to pick up the dividend
Just my thoughts.
I totally agree Gazzleberry
I think it was LGO on the CBX board that raised a pivotal point for me months ago, cannabis in its various forms has been used for pain relief & medicinal purposes for centuries, that is where its future lies, not cosmetics .
I have just finished my ramblings on my trading view of the market, i will dump it on here, any comments good or bad are welcome
Hi Gazzleberry
Me too, when I saw the red flags around CBX 6 months ago I sold out & started posting my views on the company, to the abuse you have no doubt seen, I genuinely have no agenda or malice towards the company or the long term holders, I just feel the CBD market was overhyped & didn’t live up to the promises, add a bear market & recession and I think they will struggle to survive.
Anyway back to reality, have a look at previous posts on this board, trading the indexes is what I have done all this year, I took a view at the beginning of this year that the market was heading for a well overdue downturn, with quantitative tightening & raising interest rates both here & the USA, so far that view has been correct, I’m up about 35% since January
Always looking for likeminded traders / investors to bounce ideas off, happy to post my trades & thinking behind them on here if you or anyone else is interested.
Cheers.
Wow. The instant 10% drop in the share price just now has not made my outlook any rosier
Candle
I am happy to discuss any financials you want to, they have all been published by CBX, the share price currently 1.25p to sell because of these financials
I have no position in the stock at the moment so my risk here is zero, you have shares here so you are obviously at more risk than I am
Candle
I think I have nailed down the reason why we see this from completely the opposite view points
I am naturally sceptical / bearish on this stock until I see evidence to convince me otherwise, conversely you are naturally trusting / bullish until you see evidence to convince you otherwise
The problem with my system is if I am wrong and the shares rally, I will miss out on the first X percent of share price rise, which I can accept, as I have stated here I still have my buy order on this stock at 12.5p
The problem I see with your system is if you wait until there is concrete evidence that this company is not selling its products and they have to raise more cash in a bear market & recession, the shares & your investment will be effectively worthless