CandleWhacks
I use IG Index for spread betting, on my platform ' Closing only: Market unavailable to open' has been on the CBX page for as long as i can remember, months at least
I should contact your provider to clarify if you are looking to trade this share in this way, i don't think this a temporary situation
Cupid
That is the best post on this board this year
brilliant
Stand back and look at the bigger picture around this stock & the CBD industry in general
Last year the CBD industry was sold to investors as the next ‘big thing’, get in on the ground floor, the next Amazon, Apple & Microsoft etc, all the usual PR nonsense, sprinkle a few celebrity endorsements from Sir Beckham and Bingo the private investors were hooked
Roll forward 18 months & the reality has not lived up to the dream, the products have been generally well received by the market but nowhere near the sales volume original forecast by the company in their IPO document
Most of the original management team have left the company, the largest shareholder has recently been selling their holding, & the regulators have not been kind to the industry in general,
The upcoming results will no doubt show the company is still loss-making & still burning through its cash reserves, which at some point will need to be replenished for the company to continue trading, in the current economic environment that could be challenging.
This issue is not unique to CBX, many other quoted company’s in this segment have suffered the same fate,
Chill brands share price last year traded over 100p per share is now 2.35p
OCTP floated at 5p now stands at 0.95p
Kanabo 30p last year now stands at 3.75p
Love hemp shares are now suspended
Be very careful on these boards who you take advice from, I myself held 1m shares in this company and sold out at 7p because of my research on this company & the industry in general
Others such as Ad-Meliora who is constantly promoting this company, by his own admission, owns no share at all
I do agree there will be winners that emerge from this industry, but at the moment I feel it is too much of a risk to take to pick one out
* i'm in the gym *
Candle
thanks for the reply will answer later, inm the gim
CandleWhacks
I'm am not sure if your kurt post was aimed at my question, if it was, i am confused
I asked a sensible question, with please & thanks included, why reply in such a manner ?
CandleWhacks
Could you please explain that to me again, i have never heard the words brief and catalysts used to describe share trading
According to the live data & level 2 information i have, there was no volume this morning either buy or sells to account for the share price movement, i do agree the share price could have been 'marked up' due to an rumour etc, but not due to volume either way
Thanks
Agree LGO
I’ve been screaming for months “ get off the track, there’s a train coming “
Some people on here won’t believe it until it smacks them in the face, It’s too late then
Ad-mel
I don't have to remember things with my goldfish brain, this site remembers for you. lol
Ad-meliora. 23rd Feb 2022
I just bought 100k shares @ 4.4999 it will be up in approx 8 mins, am I one of those fibbers you are referring to?
Ad-meliora. 25th Feb 2022
I think the computer has gone haywire at the stock exchange which is why the price isn't going up. I just bought 100k at 4.155 I bet it records as a sell haha
You obviously don’t know as much as me Ad-Mel, otherwise you would have sold at 7p when I did, instead of clinging on until the inevitable.
Lol
Ratto,
Common sense is good, just making stuff up is more your cup of tea,
any CBX shorts on today ?
Ad-mel
Bla Bla nonsense
Anyway back in the real world, go long EUR/USD
The system does work, Lawrence posts deleted
Thank you LSE
Ad-mel
I agree this board has become utter trash, not from the ones who were proven right to be cautious around this stock, but with the positive nonsense from the LTH's
Ratto for example,
Who posts he has made a fortune shorting this stock, when it cant be shorted
Who states he has held ever share so far, but only need the SP to move less than a fraction of a penny to make a profit
!! Absolute utter garbage !!
If this is the advice you are defending, good luck.
Ratto
Please explain to me how your last 2 posts correlate
1. I've held every share so far, probably to late now to do anything useful with them. ( sat 23.54 )
2. I'm lucky to be in a situation where I only need the SP to move less than a fraction of a penny to make a profit.( sun 08.14 )
One of these 2 statements is obviously a lie , which one ??
Try the dummy buys and sells AM01
Contact your broker and see if you can buy 1m shares or sell 1m shares for example
If you can buy more shares than you can sell you know the market does not want the shares or vice versa
My take on the Durban Holding sale
This is the worst possible way to dispose of shares, so it must have been forced upon Durban for whatever reason
They would have initially contacted their broker with a request to sell a large quantity of shares, the broker would have then contacted potential buyers of the shares directly to sound them out as to a sale
If the broker could not find a buyer to purchase them on mass he would have to drip feed them into the market day after day
The problem with this option is it telegraphs the seller to the market and so depresses the price of the shares, which is exactly what happened
Many small investors don't like him because he shorts shares and points out the faults with their shares
I am not interested in the individual company's he mocks or tips, it is how the industry works i am interested in.
Which most private investors don't understand, brokers, market makers, how people manipulate the system, what the regulations are, words to watch for in official announcements, not just reading the bullet points, download and read the entire document, etc, etc
Knowledge is power
share prophets
.com
Listen to the piece by TW, he lists various reasons for their actions better than i could
I have subscribed to his service for a few months, i have picked up more information on how the market works in that time than i have pieced together my self over the last 10 years