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>48 days
"Conclusion: The typical holder of ARB shares is a swing trader, not a 'long-term' investor."
I don't think that's necessarily true. For example it could mean half hold and half trade every 24 days or 90% hold and 10% trade every 5 days. In the second possibility there is clearly a much more solid base of LTHs. Also many (including me) are probably doing both.
I'm not sure it matters either way though as in the long term sp should eventually follow the fundamentals regardless of the trading volumes in the meantime and as the sp is so volatile it can be no surprise if people are taking the opportunity to trade shorter term - including LTHs.
On a separate note..i used to have a girlfriend with nipples like land rover wheel nuts and as a joke/something to to do i would hang my shirt on it/them….until she got angry…didnt take long for her to leave me..
8p and still not sold anyway and have just bought along the way and no intention of selling atm - Will maybe take some of the table Q4 price depending but the rest are long term, Said many times Argo could become best in class and with that comes a far higher SP.
Sorry. Joking of course
My first purchases were in the 3-5p range and I'm still here. I think there are many LTH and many who have bought now planning to hold long. Of course there are also plenty of traders as this can move quickly.
I'm looking forward to next week's update. Over 220 mined would be great. I'm personally hoping for 240ish, a machine update, and BTC pushing over $40k.
Have a good weekend all!
Pierced nipples like land rover wheel nuts i am sure!!!
Oooohhhhhh sunshine;-) you sound like a swinger to me ;-)
I have my separate trading pot, but my serious holding is not going anywhere. Yes i could have traded it and made more but …
"Conclusion: The typical holder of ARB shares is a swing trader, not a 'long-term' investor."
In the interests of transparency I'm no swinger; I'm definitely a long time holder (ARB shares that is!) !
Am guessing that includes bed and isa as well ... So actual holdings time could be higher?
@splatted: "Me too. Still got my original 1 million at 6p though"
I am incredibly envious of you... I am just a johnny-come-lately.
Me too. Still got my original 1 million at 6p though
That means that the 'typical' holding time for most people here will be shorter than 48 days. i.e. there are not as many 'long-term' holders here as we would like to believe...
Would guess that the institutional investors/ larger shareholders have a much longer holding time and is mainly smaller investors who are trading - reducing the impact.
More TRIVIA:
My own holdings times for ARB trades (in days) have been:
1, 34, 25, 6, 52, 12, 10, 1, 8, 48, 47, 1, 3, 3, 3
The average is 17 days. All trades were profitable.
I read an old 'Motley Fool' article today about RIOT BLOCKCHAIN, where it claimed that the average holding time for RIOT shares is two (2) days (defined as the ratio of the total number of shares and the average daily volume). I thought I'd check it for myself.
Here are the figures for ARB compared against some other companies:
ARB: 48 days
RIOT: 5 days
HUT 8: 85 days
RIO TINTO: 793 days
BARCLAYS: 378 days
BOOHOO: 290 days
=================
Obviously these figures will depend on the period over which ADV is measured, etc. But it's interesting nevertheless.
Conclusion: The typical holder of ARB shares is a swing trader, not a 'long-term' investor.