The CEO looks fairly educatedAlways the question, struggle to get a quote on the first day, or wait until it's done a shed load of placings, then buy
Vaporiser maker to be first medical cannabis firm listed in London
Kanabo issues prospectus for London Stock Exchange after clearance from FCAwww.theguardian.com
selling 'safe' investments to fund this! It's madness. I'm fearing a market crash.
@dubed lots of potential of being swiped up by one of the big Canadian firms too. I'm on this at IPO i think
Yep bizarre. Looking at any interesting ones recently?selling 'safe' investments to fund this! It's madness. I'm fearing a market crash.
I planned to buy some physical silver as a long term investment but the dealer's markup is around 50% so it would be a long time (normally) before I even broke even.
Me too. Moved to a smaller house last year and some money in the bank! Even thought about a 1kg gold bar at £27,000 at the time but was put off by the buy/sell spread on it, and it also looked like it might be topping out. Would still have made a good return if I had proceeded, now running at £45,000+.I planned to buy some physical silver as a long term investment but the dealer's markup is around 50% so it would be a long time (normally) before I even broke even.
Wonder what all you serious investors think about major changes to the stock market?
This whole thing has big Napster/Bitcoin vibes to me, meaning some decentralised system is coming to disrupt the old monopoly powers. Lots of talk of a decentralised stock exchange.
The response from finance seems identical to how it was from music execs/banks/property before. I’ll be keeping an eye out after passing on all the tech trends I saw coming up before. If all this feeling coalesces around an open alternative, no matter how far it seems from reality, I’ll be betting on that.
I think it's a lot easier to overhaul the music industry than it is the financial industry, which is orders of magnitude larger and more powerful, and offers huge risks to investors in ways that other industries don't. The appetite to spend all day on RobinHood is going to disappear quite quickly for the casual investor during the next prolonged market correction, and without them I don't see how retail trading flows can come close to rivalling Wall Street's.
The technology itself can certainly be transformative, but it doesn't necessarily mean the future is decentralised. You mention Napster, but the music industry is arguably more centralised than ever - Napster changed the model, but now everything just goes through a handful of relatively new companies like Spotify and Apple instead.
Some interesting, intelligent thoughts chaps!
I remember the last campaign to short-squeeze the silver market (during Occupy Wall Street) it didn't end well for silver investors. Max Keiser has conveniently forgotten his part in it.
GME is a bit like Wasps, I’m enjoying the misery when it failsI'm now the proud owner of 0.007471 units of BTC, having watched it grow from 50 dollars a coin, before somebody found a way that didn't require downloading tor and dealing with somebody even dodgier than whoever's holding my BTC at etoro.
It's worth registering with etoro alone to watch the car crash of totally ignorant traders doing GME. Loads of people firing off angry posts and email to etoro saying that their money has been taken because their position has been closed without them agreeing to it (i.e. they obs. failed to answer or watch their margin call). Down 33% as I write and currently sliding quick, though still volatile.
GME is a bit like Wasps, I’m enjoying the misery when it fails
I honestly don’t k ow where this has come from. The financial news are all reporting “r/wallstreetbets are trying to squeeze silver” but literally no one on r/wsb is talking about anything but GME. Very weird.
Here's my moan of the day, got to get it of my chest! Sold Virgin Galactic after its last failed test flight. It popped yesterday 30% and will run more. Price is too high for me to get back in. I like the concept of Space Travel, but i'm not to keen on Virgins services (TV Train). Feel a bit sick though, successful test flight and it will multiply
Fuck it, going in £1000 on GME when the market opens
certainly one to learn from. If i was so keen to invest after my initial DD i should have just held. Its all learning and ive only been at it a few years!I'm the worse at not letting things run, the worse. On the flip side, I'm able to cut my losses early.
certainly one to learn from. If i was so keen to invest after my initial DD i should have just held. Its all learning and ive only been at it a few years!
Turns out this was a great way to end up with a few hundred quid (so long as you invested £1000 to start with)
FUNDING
Decentralised Trading Platform
hxxps://www.indiegogo.com/projects/decentralised-trading-platform--2#/
Failing to link, so replace the xx's with tt.
Hmmmm
£100k for what should be an open source decentralised project?
No thanks.
and what's a 100k gonna buy you? A developer for 6 mths?
From today, we will only be able to facilitate the selling of GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) stocks for the time being. Unfortunately, our broker-dealer in the US, DriveWealth, can no longer offer Buys on these stocks due to increased capital requirements set by the Depository Trust Company (DTC) in the US.
What does this mean for me?
You can only sell out your existing holdings in these stocks. Any outstanding buy orders on these two symbols made after Monday’s (1 February) close will automatically be cancelled prior to market open on February 2 2021.
None of our other stocks are affected at this time and are available to trade as normal.
For customers with no holdings in these 2 stocks, neither GME, nor AMC will appear when searched. This is a standard practice when a position moves to sell only, as we don't want to show you stocks you’re not able to buy at that time. As soon as they become available to buy again, you’ll be able to see them in the app.
When a stock is traded, it takes two days for the proceeds to go from the broker to the clearing house. This is known as T+2 settlement. Within this time, the clearing house requires the broker to front cash or capital guarantees to ensure funds are available through the settlement process.
The required amount of capital is usually around 10-15% of the value of a security’s holdings on broker’s books. However, this percentage can vary based on stock volatility. In the case of GME and AMC, the DTC has enforced an increase of capital requirements by 250% upon DriveWealth’s clearing partners.
This increase means that DriveWealth is now obligated to restrict trading in GME and AMC, as each stock has its own capital requirement rather than a broker wide requirement.
This is not a decision Revolut has made, simply one that we are obligated to carry out. We are monitoring the situation very closely and will update you when our partner, DriveWealth, re-enables Buys for GME and AMC. We apologise for any inconvenience caused.
Team Revolut
The value of a stock may fall as well as rise and you may get back less than what you initially paid, and in some cases the stock may lose its entire value and you may lose your initial investment. This is not investment advice. It is strongly recommended that you seek professional investment advice before making any investment decision.
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Don't mess with our club!Interesting
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