Argo Blockchain Share Discussion Threads

[suffersnofools] 25/1/2021 10:26

Proper ones with long term prospects are 2tyke.My simple equation for share price is profit times the multiple the market is prepared to attribute to it.The profit is a tangible value. The multiple varies with sentiment depending on how bearish or bullish the market is. OBC is fine to trade with toy money but eventually it will go pop. I don't ever let the TA dog wag the Company tail with equities.

[nico115] 25/1/2021 10:17

Totally agree Obv is a classic pump and dump

[2tyke] 25/1/2021 10:14

Well, lots of shells have achieved massive valuations in the past. This one hasn't yet.
I think a word about the word correlation is in order too.
When a stock like arb is correlated with say btc. It doesn't mean that arb will always go up when btc goes up.
Gold is thought to be inversely correlated to the dollar and directly correlated with silver.
This changes over time...and probably will with btc correlated stocks too.
Stocks are NOT driven by profits.

[yump] 25/1/2021 10:14

A few hours around 80p then and see what happens this afternoon.

[2tyke] 25/1/2021 10:01

Well OBC isn't strictly relevant, so should have O/T alongside it.
But the interesting thing fir some is that it's also strongly correlated to bitcoin...although it doesn't mine any at all.

[mnomis] 25/1/2021 09:55

Not sure how OBC is relevant to ARB tbh.

[trentendboy] 25/1/2021 09:55

Will start moving very quickly now.

The publicity over the weekend and the publication of a number of very good articles have helped.

The escape velocity argument linked also to money printing is powerful.

Buy and HODL - very simple

[allstars001] 25/1/2021 09:55

I think OBC is the biggest opportunity right now...An illiquid stock is best in this market - Argo now too much interestA booming BTC = booming OBCDYOR

[2tyke] 25/1/2021 09:47

90p ?
Well we'll have to see.
It's not keeping pace with OBC.....but then cream always floats to the top !!

[mnomis] 25/1/2021 09:45

Hi SNF, thinking MM may be a very different skill set, hence took at word. i.e. ability to quickly assess / react to order book / news flow as opposed to worrying about valuation, which as 2tyke likes to painstakingly point out, has little impact (in the very short term imho). Guess, understanding whether a company would make a good M&A target is also not really a necessary skill set to make the market on (and would see volume flags pretty quickly).

Anyway, I am looking forward to a boring week which is what is required for ARB / BTC i.e. some consolidation in the 80's / 90's before the next big leg higher (and the riff raff finding a different BB to post stupid warnings that the stock is going to zero on).

[nico115] 25/1/2021 09:41

Do you really think I care who filters me !!Those that want to learn will do I have always said drip feed at low of rr34k 33k 31k and 29500Anyone that has done this can then drip feed out at 41k Follow SNF and you will get bearish on falls and bullish in rises NOT THE WAY TO DO IT!!

[mnomis] 25/1/2021 09:36

PS - I don't really like the c*nt word, but the comment about cult status was priceless!!

[suffersnofools] 25/1/2021 09:35

Nice post mnomisI thought everyone had Nico filtered apart from 2tyke - who I think just likes to bait Nico for sport!As to him being a mm. There's no way someone can be so obviously clueless about the market and have worked in any financial capacity IMO.

[oilisgold] 25/1/2021 09:32

90p should be smashed today. A new Herd of Lambs buying now

[oilisgold] 25/1/2021 09:31

Strap on lads. 100p on cards

[mnomis] 25/1/2021 09:29

Nico filtered too - after a weekend to reflect, you would think you could give it a rest and start with some more grown up posts.

You seem to have limited ability to think strategically, which is sad (and hoping just because of your SNF vendetta).

You have been saying how BTC is not going below $33k (and must therefore be steal at these levels) - a valuation model (if you had any background in investing / private equity / M&A you would know this) needs to forecast the FUTURE to arrive at a PRESENT VALUE. I am willing to bet a lot of money that BTC at $32k FLAT is not the future (maybe it is lower, most likely much higher, but to value ARB, you need to forecast your curve).

When doing M and A, companies will look at the impact of valuation on their metrics - 1 being DCF valuation (typically, plugging in synergies is often the way to get there) and 2 EPS (usually short-term EPS negative, but longer-term due to synergies which are often over-estimated, positive). Right now, MARA is struggling to get equipment on a timely basis - BUT, if you look at the multiples on their paper compared to Argo, they could do a paper deal (i.e. issue their shares) right now (as could RIOT), that was highly valuation AND EPS accretive.

I know you were a market maker, but perhaps try to learn from other posters with different skill sets as opposed to trying to prove what a genius you are the whole time.

Will unfilter next Monday to see if you have reflected.

GLA.

[nico115] 25/1/2021 09:27

SNF you are deranged 120p lemming sellers Btc going to 28k lol36 pound target Laughing stock My levels been spot on At least you have unfiltered me so you can watch and learn

[nico115] 25/1/2021 09:24

80 pct inverse correlation to the dollar

[suffersnofools] 25/1/2021 09:24

Tyke2 - The DXY ARB correlation? Doesn't everybody use that :) lol - Nico really is the biggest tool on ADVFNARB NOT going over 38p. BTC NOT going below 33k. A bid for ARB NOT coming. I think the odds of a bid have increased significantly! Nice bit of BTC consolidation......

[nico115] 25/1/2021 09:17

Thank you sir

[2tyke] 25/1/2021 09:17

Being overbought won't tell you much nico.
What's the dollar got to do with it anyway ?

[aidenabettin] 25/1/2021 09:11

Need to get the brakes checked on this bus!!!