Argo Blockchain Share Discussion Threads

[aidenabettin] 21/1/2021 16:43

And spreadbetting account closes on the 71.4.This is not good and although its added to my profit it could just as easily been a loss.They need to get this sorted

[yump] 21/1/2021 16:41

I've never seen so many bottoms. But are they firm, or wobbly ? Remember lots of people haven't been up the gym recently.

[aidenabettin] 21/1/2021 16:40

Now 71.4.Could be 4%-5% up on open

[noirua] 21/1/2021 16:39

US$1.372 = £1.00 ..... US$1.30 = 94.75p..... US$1.25 = 91.1p..... US$1.20 = 875p..... US$1.15 = 83.8p.....
US$1.10 = 80.17p..... US$1.05 = 76.53p.....US$1.00 = 72.9p..... USD95c = 69.25p..... 92.5c = 67.42p..... 90c = 65.6p

[aidenabettin] 21/1/2021 16:38

Window trade will have us up 2% at open.At least it was a bigger trade 68.92 120k 16:33

[crypto nugget] 21/1/2021 16:26

Seems a lot more stable in the past hour or so here.

Quite pleased to be able to add today at around these prices.

[con90210] 21/1/2021 16:26

Disappointing today but come back in a few months and we will be higher than this by miles.

[suffersnofools] 21/1/2021 16:23

hTtPs://www.afr.com/chanticleer/bitcoin-ready-to-bust-retail-taboo-20210120-p56vg1

[suffersnofools] 21/1/2021 16:10

Yump - That's the case for most people at the moment. We have the whole tracker fund and pension industry waiting to get in yet. There just aren't the neatly packaged instruments for them to buy yet. They can be the buyers from 250k to 500k

[suffersnofools] 21/1/2021 16:08

Divergences appearing....

[aidenabettin] 21/1/2021 15:58

Well if Blackrock are getting in the rest will follow

[2tyke] 21/1/2021 15:58

Yes arb is getting close...maybe one more dip.

Aiden:
There is actually nothing the CEO could do to alter where price goes.
Even if he resigned it would only affect volatility..not the chart pattern.
A wall of money is irrelevant.
Human psychology drives all traded markets...and that is patterned in cycles.

[yump] 21/1/2021 15:56

PS
I have a very well off friend who is really not at all happy that none of his funds has anything in BTC, crypto or any miners. He's been reading about blockchain. None, not a sausage. That is not good fund management IF crypto is going to be any sort of serious asset in the future.

[yump] 21/1/2021 15:52

I'd just like to illustrate something where institutions pile into something surprising, which I can only assume is because they have a proportion of funds that have to go there to balance their portfolios.

This may be applicable to ARB / BTC, purely for that reason.
If you assume that institutions have not really bought much so far.

Have look at PETS. A basket case a couple of years ago. On target to make GBP 77mln profit. Previous profit: GBP 85mln. EPS 13.5p

Current price: 415p.

Over the last year or so, it appears institutions have driven that price up to that of a really good growth stock and yet its not forecast to grow, certainly not in the current year.

I suspect that they needed to buy retail stocks, because there aren't many decent ones any more. So where do they look ? The ones that are not dying completely.

That's why I'm in here.

IF institutions are going to buy in seriously, because they HAVE to be here to be credible, there actually will be a wall of money and there will be no logic to the valuation.

[aidenabettin] 21/1/2021 15:51

Just the way the brakes were applied and he was well aware of what they were doing. As i pointed out with the rns re ceo selling it was an instant red flag.I just have to leave it to hear what the next rns says.Its a shame when a CEO is put in this position but he is only one of many who are ordered to do.Doesn't have any effect on ARB the business but we have to take what Ceo sayscwith a pinch of salt. He knew the placing was coming and sold to assist the drop. Just like JD did at Bidstack. This is an establishment company with a big future and Ceo's follow orders

[janhar] 21/1/2021 15:47

I have been watching this with interest and have been doing some research into it. It will probably recover given the rarity value but it's just a question of where it will settle before I take the plunge.

[suffersnofools] 21/1/2021 15:46

Bulls capitulating - bottom is getting nearer.

[cromw3ll] 21/1/2021 15:45

Linked to Bitcoin, any trying to put this share down dont believe in Bitcoin, take it from me I didn't and missed out on $8000 to $40000, and so you do your research, understand that bitcoin isnt going away. So if you want in then get in, if you dont then go away and stick to banks.

[crypto nugget] 21/1/2021 15:42

aiden - I have always respected your posts and opinions, but I must ask why you think PW all of a sudden has "zero credibility"?

If you are long here, as I am, then relax. You know ARB is geared to BTC, BTC is down but going back up, likewise ARB.

I don't understand anybody long and in it for a decent amount of time who is either not adding or at least not being silly enough to panic out - which is just what the mm's would like.

Of course, the usual brain-dead morons such as justtying1, oilisgold, trashoneyqueens can all be ignored, but you bring some interesting posts here.

Load up and wait for BTC $100,000 like me.

[jock3636] 21/1/2021 15:41

I feel sorry for the people sucked in by your gibberish This could easily tank to the 30 s

[cromw3ll] 21/1/2021 15:39

Agree, buy the dips, I set aside 20% of my portfolio into this, the swings will be wild but if you want a Bitcoin play then this is it.

[the chairman elect] 21/1/2021 15:38

Getting silly now with the BITCOIN MINERS & BLOCKCHAIN space so have just picked up some more LSE:ARB as well as TSXv:BITK

[nico115] 21/1/2021 15:33

Just buy between 29k and 33k And in two weeks sell at 41k Buy low sell high Don't freak out after big falls