Cellular Goods Share Discussion Threads

[jungmana] 09/3/2021 17:03

Very positive close there. Back to 15p this week imo

[dave4545] 09/3/2021 16:32

Flying at the close so I held on, think I might get 11.5 early doors for my stock we shall see

[duxy786] 09/3/2021 16:22

There's that second test of 10p resistance. Time to hold that nerve, might really test us on way down.

[comedy] 09/3/2021 16:01

well did say when launched at opened over 20p, why pay 4x placing price?

was told going to 50p on the monday???

seems sensible ones banked their profits.

now gambling stock?

[7rademark] 09/3/2021 15:46

Fair enough duxy, I take your point. I won't be selling and happy to add on weakness.

[duxy786_2] 09/3/2021 15:28

I am and have bought 2 more lots today. Doesn't mean I just sit around with rose tints on. Reality is, this might fall a little, but for those who can hold, there is a huge upside coming imo. 10p once breached, a second after a little test of support, and maybe even a third, but once it soars past a 3rd time, I doubt we will see the 9's again.

[jungmana] 09/3/2021 15:13

I think all 5p ipo holders who want to sell should be done by now. Been 8 trading days since ipo with near 600m volume traded.Total shares in issue about 504m with nearly half locked in for 6 months plus.Fortune favours the brave I bought a total of about 100k more shares today

[7rademark] 09/3/2021 15:12

You were drip feeding it into your portfolio earlier today. Lol.

[duxy786] 09/3/2021 14:47

Fall to Fridays close seems to be getting closes as it tests the lower support. Those holding for the long term will.have an opportunity to add but there are so many factors to consider for this to fall below 9p. IPO holders got them at 5p and like many IPO hyped stocks, this may go down to test the support at that level. Those holding will need to hold their nerves tightly.

[duxy786] 09/3/2021 14:44

FPP have nothing material and there is nothing to indicate they can even get a share in anything material as yet, however, the share price is already overpriced by the hype created on twitter / forums as can be seen by the previous posts here.Just trying to create a balanced view. No advice intended.

[alexios1201] 09/3/2021 12:27

https://www.thearmchairtrader.com/fragrant-prosperity-share-price-forecast/

[alexios1201] 09/3/2021 12:26

Fragrant Prosperity: financial services SPAC looks like it is going hunting for cannabis opportunitiesIts announced intention to make a cannabis investment has sent shares of shell company Fragrant Prosperity (LON:FPP) soaring and given the potential in this sector, this makes it a SPAC (special purpose acquisition company) to follow closely.In late February, shares rose more than 40 % to a high of 6.85p after the company issued a statement that it was eyeing the medicinal cannabis and CBD wellness sectors in addition to its original plan to look for opportunities in the financial services sector.Focus on cannabis and cannabis therapeuticsOn March 3, Fragrant made a share placement, raising £543,930 to provide additional capital for the company to pursue its investment strategy, "in particular" said chair Craig J. Marshak in the cannabis and cannabis therapeutics sectors. So almost definitely shelving financial services for now.Fragrant Prosperity also announced it expected to appoint "in the reasonably near future at least one additional director who will add to the current in depth experience of the existing board to assist with this search". It also appointed UK counsel with experience of cannabis business listing.It's not hard to see why a SPAC that was set up in 2017 but has yet to find a suitable acquisition in its initial target sector would look at this burgeoning cannabis sector which is expected to reach $73.6 billion by 2027 globally.The shift in strategy follows guidance issued by the Financial Conduct Activity on admission of medicinal cannabis and CBD oil companies to the Official list and the subsequent IPOs by Israel's Kanabo Group (LSE:KNB) and MGC Pharmaceuticals (LSE:MXC).Fragrant said that as a result it had been presented with "a number of investment opportunities" in this area and that it is considering a number of opportunities although it added that discussions are at a very early stage.Of SPACs and cannabis opportunitiesShares in various cannabis related stocks have seen some sharp rises in recent times. Kanabo, which also listed via a SPAC, was up 500% last week from its initial offer price while MGC spiked sharply a few days ago on news of an increased purchase order for one of its products.Exchange traded funds active in this sector have also been posting some impressive gains. Seven of the top 10 best-performing funds were active in this field, according to data from TrackInsight.Then there is the shift in the regulatory regime with the election of Joe Biden in the US paving the way for further acceptance and approval of cannabis related products and the UN's removal of cannabis from the convention on narcotic drugs, giving a further boost to what we have dubbed Cannabis 2.0, the second wave in the development of the sector.For Fragrant Prosperity, much will depend of course on which company it acquires. In a sector that is becoming increasingly populated and where some forecasters expect to see a drop in the cannabis price, not every company offers the same potential for investors.We prefer those with some geographical diversification and which can therefore take full advantage of markets with more favourable regulatory regimes. If Fragrant Prosperity can find an opportunity that ticks those boxes, we can expect to see some interesting developments in its share price

[donaferentes] 09/3/2021 12:16

Well done - it seems - all those who couldn't wait for 6p!

[jungmana] 09/3/2021 12:07

Just got more at 10.49p

[sbb1x] 09/3/2021 10:49

Sellers look like they have stopped, and now the price is being bid up!

[jungmana] 09/3/2021 10:37

Cannabis stocks are on fire this morning. Knb up 27%

[yasyas1] 09/3/2021 10:32

About time. Still got my 500 ipo stock.

[sbb1x] 09/3/2021 10:31

Looking better here!

[jungmana] 09/3/2021 10:30

27p down to 9p . Got to bounce at some stage with over 500m shares traded since listing

[richardp19] 09/3/2021 10:16

Nope 50m Mcap No products to sell until sep OctShould be heading back to 5p a lot of people are trapped and are waiting to dump

[jambam] 09/3/2021 10:13

maybe higher...oversold

[jungmana] 09/3/2021 10:04

Bounce to 15p this week?

[tomboyb] 09/3/2021 09:53

Stuck to my guns and was tempted lower down -

Lets see where it goes -

[dave4545] 09/3/2021 09:50

NT to buy at 9.75p so it could clear 10p again

That's my lot for today