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Anyone has other view than the rampastic-fatasctic than it has an agenda! Come on. Has been said number of times us little retail investors/traders have absolutely no effect on the share price. Small fish we are.
Arb has increased share count by 58 per cent in a year. Those who keep saying this cannot go down further etc are novices in the mkt. Anything can happen. If you have been in the mkt for just a few years you know this. The biggest company in the World at one time by mkt cap was Marconi. Sold off a few years later for a pittance. The biggest star this financial year...ncyt . Fortunes have been poured in up to 12£ and tonight? Arb might well race back up but nothing in these mkts is a certainty. You will soon lose your cash if you don’t understand that
PhoenixRising53
Share what you are referring to, chart wise.
Words are not evidence
Historical increases have no bearing on today's market price, take a look at the technical chart for a reality check!
The gradual selling off and then the herd following feels very much like what we all are invested in. Bitcoin sees this all the time a strong sell off by those who can - drop the price (helps if news flow and market conditions match) - retail bricks it - buy back lower - rinse repeat. Obvious point was the day traders even knew.
spaceman agree and hence the title of my original post. I am sensing opportunity because the 'panic' or whatever you call it is blind.
PhoenxRising the crash from high to low as you put it - yes it looks scary. But if you'd invested, say, £1k/mth for the last 12 months you're up. If you invested £1k a month 6 months you're up. Probably only if you started investing £1k/mth at £2.50 are you down. That people go all in at the top - well - it is unfortunate but I still don't think £3.10 is the top (not if you believe in BTC), so again, you're ok.
Lots of lessons here. Don't go all in. Don't go all in at one price. Lists go on. But it is a valid investment and I see opportunity when there is panic. That's all. I'll review but much lower than 1.40 I will put my £50k in . At £1.40 I will put £50k in but only if other things play out as I do have other needs for 95% of the pf. GLA
PhoenixRising53
then don't
The problem here is its being shorted and people panic selling from the highs. As soon as BTC price turned traders started flipping it was looking promising again earlier on. Alot of people realise its grossly undervalued but with the volatility of the stock lately and nervousness that's irrelevant it seems. Now from a chart perspective more nerves will kick in, it's a frenzy.
Just need things to settle down a bit and look at the fundamentals, once the shorter are done this will bounce massively probably to new ath's!
A price crash of 54.40% in 2 months from a 52 wk high of £3.1250 is not the sort of win win situation I would like to invest in!
Everyone has an opinion and certainly not advise. It's quite clear what Argo make in profit growing month in month out it's only a matter of time.
yeah all the twats who shout "lets go balls deep" and "225p by EOP", very irresponsible people. Worse than any deramper. But we are not all derampers...
I think given the drastic falls we’ve suffered and the distinct possibility that the price could still fall yet further, based on what we are seeing in the US, it’s verging on irresponsible to try and encourage people to invest like that.
IMHO
It’s a win win now. That’s all I have to say to junior investors
well done and you've done well - but not everyone can get in early. There is still good money to be made as markets / companies establish. I am chatting to other investors on my other stocks who are coming in later than me and still lots of upside.
I get the patience thing. Nearly bought more at 160 area then said I'd leave it in case we'd go lower. We did. But over years - it's all noise. All my buys on my other share (just about) are in profit now. Investing is the long game - whether it is crypto or something else!
My timeframe is years. But then I have a free roll having bought some at 2.81p last March...amongst others. I also bought the 200p placing and took that cash back. I will add here when I think we have hit the lows but there is no rush. The mkts are here every week day. The issue is that many will just want to break even. They will sell as if they get their money back. Not a great plan. How low will arb go? Today is a great example of novices rushing.
>>argo at 140p is value, argo at 250p is value. The latter as entry point is better (obviously).
Sorry the former is better value. Obviously :)
barnetpeter - depends on your timeframe. I bought one stock at 4.4p (first), it fell over years to 1.6p. I added. It is now 8.2p. I am invested for 50p-£1 (the latter is perhaps optimistic, but possible with a favourable wind). What is 'the right value' for a stock. Very much depends on your timeframe.
It still remains simple for me. If you believe in BTC argo at 140p is value, argo at 250p is value. The latter as entry point is better (obviously).
The bigger problem is many people invest over days or weeks to try and get rich. That doesn't necessarily work with a volatile stock/sector. But that doesn't make it not a good investment and that is where opportunity comes in.
I've said in my other post - I don't know. But I'm happy to take a bet (in my case £100k / just below 5%).
As I said some look some see. If your a panicked pi sell its up to you all you are doing us passing it on to the more savvy investors, best thing to do is come back in 3 months btc up , profits through the roof, nasdaq confirmation and we are nearer true value £4.80 current, if you cant wait that long so be it and good luck in your next move but no doubt you will be back paying more . Glh
Adamskiii - fear and greed, it is what the market is. That is actually all it is. The unknown here is that it is (still) a relatively new thing - I know a lot on here have perhaps been in crypto a long time but the majority of people (general population) haven't. New industry. People invested here are the pioneers. With being a pioneer comes risk. Ask the guys who hiked to the Yukon in the 19th century. I don't know the answer - but it is definitely fun being part of the journey!
For me the turning point came when institutions started taking a notice, say, last 6 months. They can't ignore it because they can't afford to miss it. And they know that.
People forget this is still up 50 times in a year. A lot of bitcoin holders got wiped over the weekend especially the leveraged gang on bittance. Stocks go up and down and Arb has had a fantastic run. Now it is going down. Buying a stock that then retreats 25 per cent by the end of the day...not a great strategy.
Nailed it! To me boards like this turn things into an echo chamber of despair or elation with very little in between. It’s who shouts loudest/most frequently and those who bought during the times of elation are also the ones to be panicked and follow the herd.
It’s a self fulfilling prophesy and depending on your average price and your intentions can be a nightmare or very useful indeed. For me it’s becoming a bit annoying as we’re drifting very close to my average but I’m still above water... for now. Quite happy to be here for a long time anyway.
The board reflects society though and 24/7 news and so on. I see it with the football team I support and the board there. Few losses and it’s the worst place in the world and we’re going down.
The good thing about ARB as opposed to my football club is that I can look at the fundamentals and for ARB they are very, very good.
The more I read posts on here the more I am sensing there could be huge opportunity here. As I see it:
The bull case
===========
Bitcoin is on its trajectory (the flow model). There will be fluctuations ups and downs, it may not be insulated from market corrections, it may not (yet) be ready to fully replace gold, but it is on a par. It will store value, it will continue to appreciate, finite supply, and the big money understands this and very much wants a slice of the action.
The bear case
============
New industry, central banks are scared, energy intensive etc. Govts don't really like losing control. Can't have the common man thinking (outside) the system they organised for them. Intervention.
What's clear to me is huge numbers of people are invested without a basic understanding of investment (in general) or what to base a companies valuation on. If we have the bull case here, over time, and Argo is say top 5 or top 10 miner. Bingo. You wish you bought today. If we have the bear case, well, that's more complicated. Then you have to manage your risk - invest what you can afford to etc.
The volatility is caused, in part, by the volatility of the underlying commodity but it seems to me (and I don't know - I'm not watching every trade - it could be big dumping) there is herd panic. I understand people are upset if you are down a lot but then:
- you bought higher, and you had the historical graph to look at, so if you went all in at 250p, you did understand that this share was 60p 3 months ago, and took the risk
- or, you bought higher, but it doesn't matter, you are happy it is more likely the bull case, and you are happy to ride it out and you accepted potential for downside. Volatility is part of the game with BTC
I actually don't know the path BTC will take (and probably neither does anybody else) but it has piqued my interest and I'm in close to £100k now after todays topup (I only hold ARB, no other crypto stocks). I like ARB. If you believe in BTC, believe in ARB. I will most likely put another £50k in if we stay at these levels and other things play out. If we rise, I don't mind not investing more.
To me it is pretty binary (notwithstanding what argo are looking at diversifying into - which we don't know at the moment). If you believe in BTC these days are noise (and opportunity). If you don't, then you definitely invested in the wrong stock.
All of the above is opinion (only). Argo is <5% of my portfolio still but I am interested in more. GLA