Argo Blockchain Share Discussion Threads

[investorgeek1] 11/1/2021 10:53

Serious question, I'm a HL account holder, I've seen numerous posts this morning saying people have bought at a pound or even less, HL were quoting me 112p to buy. How do they get to those prices or are they just de-rampers or shorters ?

[yump] 11/1/2021 10:48

Looks like I should have gone through a broker just after 8am to get £1. Mind you if its now 'doomed' I should get another chance ;-)

[suffersnofools] 11/1/2021 10:47

PW is teasing about it on the Argo Twitter account....

[nael1] 11/1/2021 10:47

I agree, a correction was to be expected. Noting the pullback in the Bitcoin price over the weekend, I moved my trailing stop accordingly. I plan to add HIVE this PM and also hold BTBT. ARB is discussed extensively in terms of its productivity as a Bitcoin miner versus peer companies by Blonity on You Tube. I am holding with a 2-5 year investment horizon in mind .

[jimjams1993] 11/1/2021 10:43

Expecting it to go blue with £1.20+ this afternoon.

Once we get the OTC market RNS & introduction, then expecting more fireworks!

[jimjams1993] 11/1/2021 10:41

dev80 yep, no problems with AJ Bell, HL or IG.

[fozzie] 11/1/2021 10:40

The OTC QB Rns could come at anytime, looks like all the paperwork was completed last Thursday, this will greatly increase US volumes.

[alm6] 11/1/2021 10:39

Biden pledging 3 trillion (!) in stimulus this year. Each American getting a 2k check. This is good news, not only does this further devalue the dollar, but past year has shown that much of that stimulus makes it onto the stock market...

[mnomis] 11/1/2021 10:38

Jimjams1993 - yip - I would have been topping up at ~85p if could have (I am holding a decent position, and being sarcastic as a long-term shareholder, reading all the dire predictions of the bears, based on a simple, healthy pullback in BTC).

[mnomis] 11/1/2021 10:36

I use the same argument whenever people say a certain share (e.g. ARB) can never get to a certain price (e.g. £10). I am not sure if it will, but my upside case certainly does have us reaching £10.

[jimjams1993] 11/1/2021 10:36

mnomis, this level is cheap, and the reason why pre-open and on open from the fall sub £1, the buys flooded in!

[jimjams1993] 11/1/2021 10:34

Not a comparison, merely stating that if Tesla's P/E can be 1,750ish, then 40-50 for a BTC & cryptocurrency company can easily be on a 40-50 P/E ratio considering all the potential and FOMO!

[mnomis] 11/1/2021 10:32

Well that sucks ... BTC has a big drop and I still cannot buy some ARB cheaply. Who are all these idiots buying when I wanted to ... thanks for the announcement Peter - how am I meant to pick up more shares cheaply when you keep releasing good news. I must say, ZEC mining has turned out (skill / good fortune) to be pretty genius - around BTC halving when BTC mining margins were really under pressure, ZEC came to the rescue (paying off machines in < 6 months from memory). BTC has a big fall and ZEC goes through roof ...

[trentendboy] 11/1/2021 10:31

A tenner seems a good targetKey is the orders of equipmentOf course difficulty adjustment will kick in and reduce margins - that is the gameBut a few months of excellent returns aheadShould double from here if BTC hits 50000Strong hands

[suffersnofools] 11/1/2021 10:28

Hmm, not sure I like that comparison. We'll be more profitable than Tesla this year!Looking forward to Elon using BTC on their balance sheet though.....

[suffersnofools] 11/1/2021 10:27

So BTC 24pc correction and ARB off just 10pcBTC climbing towards 50k near termZEC flying OTC RNS due Mining at 70pc for JanuaryFlood of aggressive new US buyers sending a wall of money this way.Expansion plans to comeCrypto FOMO only just beginningMakes perfect sense to be a bear :)

[jimjams1993] 11/1/2021 10:26

zCash is flying!

[jimjams1993] 11/1/2021 10:21

Well just look at Tesla's P/E, then 40-50 seems conservative!

[suffersnofools] 11/1/2021 10:19

Yes. A higher PE gets us over a tenner.But if you suggest that the BB goes into meltdown.Best i don't mention my outlier target of £36 :)

[mciw] 11/1/2021 10:18

Zcash flying, 52 wk high, positive for ARB with c.5-6 percent of overall mining capacity

[suffersnofools] 11/1/2021 10:10

By May yes.

[jimjams1993] 11/1/2021 10:09

20 P/E is too low though, in such a sector, at least 40/50 P/E!