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Hi CM
I hear you, keep it sensible & keep it fun, some people on the boards are prepared to lose their shirts & more which i find very ' interesting'

I don't know who you use for trading but I use Hargreaves Lansdown for trading & IG index for spread betting, the IG site has a surprisingly good charting package & its free

The Fibonacci Retracement is as you say just another tool, google it, it's really boring, but traders & the market use it to identify support & resistance levels.

Basically pick 2 points, 1 high, 1 low

the high i picked was the high of the FTSE 100 at 7688
the low was the low after the market collapsed because of coronavirus at 4778

The Fibonacci Retracement grid just's draws 6 horizontal lines across your chart in the following percentages, giving you the corresponding FTSE levels

0%. Top
23.6%
38.2%
50%
61.8%
100%. Bottom

When the index is falling it may get support at these level, or may be not, but because other traders are watching these levels it is best to know where they are, so you can set limits & stops etc & as they say, knowledge is power

Hope that make some sort of sense

Fibo retracement levels to watch on the FTSE
From recent hight at 7688 to low of 4778. on. 23 /03/21

1. 23%. 7001
2. 38%. 6577
3. 50%. 6233
4. 61 % 5890

I haven’t seen their adverts on here for a while
They must have pull them to stop us being reminded of CBX & barking down the phone at them

Lol

Grabbed a few SUK2 @ 469.87 just under 7000 on the Index
Will double that down if FTSE gets to 6800

W.

Crazy market indeed
When oil futures started trading 11pm yesterday ( sunday ) it spiked to $137 within moments, madness
Just in the process of filling the gap down to 118 ish, which is bouncing the market & the US futures

I think the markets are just looking to the oil price for direction at the moment, Oil up = market down & vice versa

Kicking my self, wanted to load up on a few on my divi favourites, had my finger over the buy button of LGEN @ 228p this morning and decided not too, 240p as i type this. AAAHHH

May join you back in the SUK2 trade, i can see the nice round number of 7000 on the FTSE as a resistance area,

Safe trading
W.

I have noticed one universal pattern of the small shareholders in this company
If the share price rises by 5% they get all giddy and excited & buy more shares.

God only knows why with the headwinds facing this company

Hopefully this new fall in the stock will make them think twice, or maybe not.

Lastofadyingbreed

I think we will have to agree to disagree on this point, what constitutes a luxury brand versus a premium brand is a moot point really.
The immediate question remains, will Cellular Goods be able to sell its products through Amazon while being in direct competition with similar products which are far cheaper in price, I don’t know

Your absolute statement, as follows …….

“Even if the share price drops further, which it may well do in the coming days. It will stabilise and start to rise “

Is, I feel, a potentially dangerous line to put your name against, you cannot possibly know this to be true unless you have information not available to the general market.

One last thought,
Why did this company issue shares at 5p each ?
Why not issue 10 times fewer shares and price them at 50p ?
Or issue 100 times fewer shares and price them at 500p ?

They would have raised the same amount of capital

Many other small start up company’s do the same, is it because they are looking to attract a certain type of ‘ penny share’ investor ?

I don’t know

Lastofadyinbreed
Thanks for your clarification , now i understand your point and with respect i definitely don't agree with you

That is exactly what everyone does on Amazon, they search for " face serum " or " moisturiser " or " face wipes " or " shaving foam " or " razor blades " " or " anything " i don't know who makes these things or where to buy them from, Amazon gives me a list of results who i can then choose from

I don't really want, or need, to know who makes my face wipes , i click on the link , and it is delivered, that is the world we now live in

On the other hand if i want a Rolex watch, that different, i cant buy that on Amazon, because it a premium product, if that is the market CBX is looking to break into they will need way deeper pockets.

Sterowlands,

This company has been blessed with the most patience and placid shareholders i have ever experienced, they don't seemed fazed at all with missed dates, targets, change of management, cash burn, etc etc

They seem to sit quietly and accept what is given with calm dignity

When i was a shareholder here i screamed and shouted like a lunatic, demanded action, questioning things, all to the dismay of the other shareholders, " give them some time, the CEO knows what he doing" etc etc

Something has got to happen here, and soon, or i fear the worst

ps. Is the xmas party still on this year ?

Hi Lastofadyinbreed
Sorry but I don't understand your point,

If I were looking to search for face Serum on Amazon, i would type "Face Serum" into the search box

If i already knew i wanted 'Cellular Goods' face serum i would just go to their site,

Or have i misunderstood ?

Taken from the official RNS
The full-scale marketing campaign will commence on 1 March, timed with the release of the serum.
Has anybody seen any advertising ?

The face Serum on Amazon is now ranked 67,501 in beauty and 887th in Face Serums,

Who knew there were 887 face serums on the market
HHHMMM

Hi DM
Interesting week just gone; I’ve been watching from a far due to other commitments

You are right with the ‘buy the dip crowd’ some of these guys are going to lose vast amounts of money, they must have never seen company’s go bust before, to keep averaging down time after time is absolute crazy.

I got out of my S&P 500 ( 3 ULS ) + Nasdaq ( LQQS ) shorts on Monday morning at about 3% up, this was a little disappointing because overnight, when you cant trade, they were 10% up, but it was a gain

My BP idea didn’t get off the ground, BP announced they were dumping their Rosneft stake on Sunday before the market opened on Monday, so the shares got hammered straight out the gate, I did manage to grab a few % with a quick trade in and out on Friday.

Good call on SUK2 this week mate, must be up big time for you now, keep an eye out for any good news regarding the Ukraine situation, any hint of a ceasefire will bounce the market, knocking that one down

Funny you should mention Boohoo, I’ve had a couple of trades on that one last year, THG also, both very similar.
Many stocks deserve all that is coming to them but I feel Boohoo could be a slightly different story, the company is profitable, it is growing, and it has very little debt, but the market absolutely hates it, it has 6% of the shares sold short, every time the stock tries a run it gets kicked to death again by the market

The family that started this company has a large stake, add the 3 largest institutional holders to this equates to around 50 % of the stock, for me this is a no brainer, take it private.
Buy the other 50 % of the shares between them and tell the stock market to sod off.
I bet the owners love having their names dragged through the mud every other week in the papers, “ Billionaire owners treating people like ****e in their sweatshops “ etc. etc.

Their trading update is out next week, 10th March, definitely watching that one

I will also be shorting oil if it gets over $125, at that sort of level it will cause massive demand destruction. The spot price oil is the price you see on the news and in the papers that is the price for immediate delivery, traders don’t trade this, they trade on the futures market.

The futures market for oil is in backwardation at the moment which means if you buy oil for delivery next month it is cheaper than now, the month after is cheaper than that etc.
Oil for delivery march next year is $ 97, so the market expects the price of oil to fall.
Obviously when the market is trading these prices move all the time
This will be a cracking trade if they can sort out this Russian – Ukraine war at any sort of a amicable level,

Some of my favourite divi stocks have been beaten to death this week, I will start picking a few up soon, not as a trade, as a long term investment.

Keep safe

W.

.

Why should the cash burn be a point of argument between shareholders ?
What the company used it for is immaterial

Taken from the official RNS

31 Aug 2021. £10.32m
1 dec 2021. £ 9.15m
18 feb 2022. £ 7.73m

From the last 2 RNS issued regarding cash position, they are burning £ 130,000 per week
This was before any advertising costs

i don't follow this one much now, but has the omni channel advertising campaign started ?

Taken from the RNS
The Company's face serum product will go on sale on 1 March 2022, supported by a broadscale media campaign

Thanks

Hi CM
Sorry for not replying to your post, I’ve been helping a mate of mine with a job this week, will have my head back in the game tomorrow & next week

Cheers.

Maybe a nice trade idea for BP

Bp hold a large stake in Rosneft the massive Russian oil company, there will be pressure on BP to offload this position, as the loons have stated, "BP is fuelling Russian tanks to invade Ukraine " this is bearish for the stock

On the other hand oil prices have spiked & are still elevated which is bullish for the stock
A classic pull me, push me situation for the share price, a correct trade on this will be very profitable, but which direction ? up or down ?

I don't know, and don't need to know, i will go long and short at the same time, i think the price will move dramatically in one direction or the other and then get over extended, timing the exit is obviously critical, sell the winning trade and bank profits, wait for the retrace and sell the remaining position to close the trade out.

Not for the faint hearted, but fortune favours the brave ( or idiotic ). lol

Keep Safe

Hi DM
My 'chickening out' trade came good, short oil ( SOIL ) now 25, 8% rise for a day trade, not bad going
I am absolutely fantastic at picking the trades i don't put on, lol. but could have gone real bad that one, and as you say don't lose money, i will be all over that one if crude gets to $125

I do use TA in my trading and also fundamentals, it is hobby for me, and has been for many years, as yourself

As private investors we are playing in a ' rigged game ' the institutional investors will always have the edge, i have spend many years researching how the market works, how these guys play, & manipulate, the game, trying to give me the tools to pick my way through this confusing mess of craziness

When the lock downs came with the virus, there was a massive explosion of private investors that were locked in their houses with nothing to do. When they found the stock market, they all thought they could be the next Warren Buffett

Easy pickings for the old pros, floating off loads off dog s*it ideas directly into the path of the gullible, hoovering up all their free coronavirus cash, when these companies go bust this year it will be massive surprise to these new 'investors'

Interesting market this week,

Day 1. War breaks out in Europe, stock markets go down = inevitable
Day 2. Day after war breaks out, relief rally in markets. = understandable
Day 3. Market goes long into the weekend after war breaks out = Bonkers

US market climbed all day Friday and closed at day high at 2.5% higher

I went short the S&P 500 & Nasdaq into the weekend, even if the war is sorted out this weekend, which is unlikely, the US market will go back to contemplating higher interest rates & quantitive tightening, either way, not good

Safe Trading

Nice to see some positivity around this one at last, keep it up guys
GLA