Argo Blockchain Share Discussion Threads

[dorset64] 12/1/2021 12:11

Great to see, for the time being, volatility in both the share price & this BB cool down and able to read back the few posts every couple of hours, instead of finding 150 posts, mostly nonsense.

[walter walcarpets] 12/1/2021 12:06

ARB featured on Bloomberg Business this morning (apols if already posted)

[yump] 12/1/2021 11:50

If you want to figure out the MM's smaller games, I think what I would feel like doing if they dropped this to 80p or jumped it to 140p. Both generate sellers and buyers for different reasons.

For instance, FOMO was not present at 5p, but it probably was as soon as it shot through 10p. MM's would get the same FOMO result with and without the buyers.

If they jumped this to 140p they'd have to work out whether the FOMO's that come in, would compensate for the others that decide to sell as it was a previous high.

etc. etc. probably. I think.

[emeraldzebra] 12/1/2021 11:50

Nice steady day for Bitcoin (and Argo) sofar - which probably no bad thing for both.

[pal44] 12/1/2021 11:08

agree MM have 2 GCSEs and are bit clever at times especially with an active stock like AGRO .There is so much Chaos in the world plus Banks and Governments realise that printing money to get out of doodoo is not the only solution .

[emeraldzebra] 12/1/2021 10:59

Many thanks to all. Vm appreciated. (I am learning.!) Seems counter intuitive. Moral of the story : In the absence of negative news....BUY when the mms reduce the price and not fall into their 'trap' ? !

[jonny_wright] 12/1/2021 10:44

Price just matches Bitcoin, so we are at the mercy

[suffersnofools] 12/1/2021 10:44

Mms herd pi's like sheep. If they want 2 way business they narrow spread, they widen it during high volatility to slow trade.If you want a seller drop the bid or move in the ask. If you want a buyer, up the bid.Argo is shooting fish in a barrel for mms. Watch them march up the price later to offload on the cheap shares they've taken off U.K. buyers this morning.

[horneblower] 12/1/2021 10:41

It's always a balance between greedy buyers and scared sellers.
If you lower the price do the greedy get greedier than the scared get scareder.

[alm6] 12/1/2021 10:36

Why pay 1.10 for a share if you could pay 1.05? Investors waiting for a higher value might get bored, worried, frustrated etc with the lack of movement sell at the lower price and move on etc etc

[emeraldzebra] 12/1/2021 10:31

why would a mm supress a price to load up ?? Surely they would increase it to attract sellers ?? (i.e. As a buyer i would wait for a price to be reduced)...

[oilisgold] 12/1/2021 10:19

Much better today. Very little volatility. Trading 1.05 to 1.10. Traders i don't think can make much.

[suffersnofools] 12/1/2021 10:16

They won't be able to. Too much pressure from US buyers.It's been the pattern. They take shares off of weak U.K. holders and sell at a nice premium to more forward thinking US ones.

[alm6] 12/1/2021 10:14

Think we can expect a few more days of MMs playing around like this, suppressing the price to load up on stock. This one caught them by surprise

[oilisgold] 12/1/2021 10:06

Looking good. Oh yes

[oilisgold] 12/1/2021 10:06

So.e mugs bought on open at 1.18 to 1.20p.


Lol

[burtond1] 12/1/2021 10:05

The rise and fall and rise (?) of #Bitcoin Do you know your #Bitcoin  from your #Blockchain ? Your #Crptocurrency from your #Coinbase? We look in more detail at #Crypto and the companies that have exposure to this sector...#MODE #ARB #KR1 #OBC #COINhttps://total-market-solutions.com/2021/01/the-rise-and-fall-and-rise-of-bitcoin/

[bmwman3] 12/1/2021 10:00

Bloomberg interview just in.... https://twitter.com/iharry77/status/1348932316723294209?s=21

[suffersnofools] 12/1/2021 09:58

No, I'm northern alps, chamonix area. I think that's more Grenoble?

[hootza616] 12/1/2021 09:55

Anywhere near Vajuany Suffers? My favourite place in the whole world!

[nico115] 12/1/2021 09:51

Great interview by Mr Wall on bbg