The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
@SABY16... this is crypto a week is a long time! :D
As I’m relatively young and the money I’ve got in here isn’t something I need access to at the moment I’m not planning on moving on any time soon. From the interviews I’ve seen I think Argo will diversify beyond BTC and with the facility in Texas have a very good home to establish themselves as one of the leading blockchain and mining companies in the world.
Obviously I could be completely wrong but it does mean I’m happy to wait at least 12-18 months to see how things play out (having bought in December) in Texas and see what those monthly operational updates are like when we’re properly cooking on gas (renewable of course).
As an advocate for “zooming out” on all things Argo and BTC I think it’s useful to remember that we last saw BTC at around this level last month (7th March) and at the time Argo was sat at £2.50
I’m sure we’ll see a lower opening price this morning and we’ll likely see some selling off before the weekend, plus perhaps some profit taking for those that bought in on the cheap.
For those that are looking at this as a long term hold this is just part and parcel of the share and not something (IMO) to be concerned about.
Have a good weekend!!
Was writing the same thing. I believe in the article posted earlier too it said “is eyeing” to me it doesn’t sound like it’s a signed deal, particularly in the US.
Not to mention there’s plenty of people currently overreacting on Stocktwits who will likely never hit the $1M USD threshold anyway.
I know we complain about people here in the U.K. and the markets but I do feel that the US are even more twitchy with any slight change. You only need to see the BTC when it drops slightly and how it impacts miners (who in Arbs case are profitable down to the 20k level).
Anyway, it’s a bit of a shame as it’ll probably take some sting out of the Argo tail but we’ll see.
Nice one! Glad that some of my thoughts might have kept you level and will hopefully make you a decent return.
As herdie has said I think we’ll see plenty more ups and downs but ultimately I think long term there’s still a lot to run here.
If you’re ever in any doubt or some of the derampers are getting to you zoom out on the BTC charts, read the RNS and review some of the more reputable forecasts on crypto. Keep a level head and it’ll be happy days!
Yeah, I was thinking the same earlier. I reckon we’ll hover in and around 195p a while possibly. Nothing wrong with that and there’s a whole load of new investors that have got involved lately that will hopefully be in for a while yet.
Birdsong, warm glow from that shining orb in the sky and Argo on the rise.
In the short term there definitely appears to be a return in positivity and sentiment (amazing what 30% days can do). Many of us knew that there was no reason to stress but it’s good for those that got caught or were underwater.
Short term, with it looking like a big seller is done or someone even bigger is buying up, the BTC futures expiry on the horizon and monthly operational update around 10 days away it looks like we might be well and truly back on track.
For those that only recently boarded the Argo rollercoaster and missed out on some of the excitement earlier in the year bank the last couple of weeks as memories. If/when we stumble off course and the walls feel like they’re coming in remember the warm glow of sunshine and Arb as it burns shorters and rises like a Phoenix.
And with that! It’s time to get out on the bike. Have a good one... apart from you derampers, absolute jokers haha.
Evening peeps! Said a few times over the last week or two that during euphoria and hysteria it’s good with a share like this to take a step back, get some fresh air and go back through the ever increasing, ever improving RNS that are released with this share.
Keep a level head, don’t worry too much about what America are doing, don’t worry if BTC drops to 55k and so on. There’s some really well informed, honest posters here (some very bullish and some bearish).
Doesn’t matter what side of the table you sit at there’s plenty to go round so just chill, watch the SP nudge up and try not to kick off with each other. The derampers look more and more stupid when they’re arguing and fighting themselves like Lord of the Flies (that’s a book for some of you younguns).
Anyway let’s see what the next week brings. I have a feeling it’s going to be a bit up and down in the run up to the futures expiry next Friday but who knows. If it is... well I’m in long, if it’s not.... I’ll be sinking a few Leffe on Friday night.
@James29H as Crawshaw has mentioned it's worth zooming out and taking a look at the chart for 2021. You'll see around the 19th Jan there was a gradual drop in BTC price towards the end of the month. This again happened around the 22nd Feb down to the end of the month and again on the 21st March.
It's tied in to the bitcoin futures expiration on the last working day of the month (next Friday) and also F2Pool. The important thing to note is that month on month the lows have been higher and subsequently the highs have been ATHs. It's really not worth looking too much into the price of BTC unless you wake up and see it's dropped significantly lower than the previous months lows around the same time (IMO).
I’d imagine PW has some fairly well educated and informed people helping him to plot the price of BTC etc. I’m sure (just like all investors) he has a strategy to squeeze every pound, shilling and pence out of each BTC when the time comes.
Giving them some now (when it’s already lower than it was a week ago) at this time of the month, when we know games are played by the mining pools is like burning cash.
Using the same concept Calamari they’re also currently more profitable than they were when the SP was at an ATH so it should have gone up.
We’ve already seen over the last couple of weeks that the current price of Bitcoin is having little impact on ARB (other than pushing it down).
I was referring to the monthly operational update results in May. No idea what the poster is referring to with results tomorrow.
ARB doesn’t release quarterly results and the last lot of audited accounts were released 29th April 2020 so still a bit early for them.
I’d guess it’s a rumour that there’s results due tomorrow.
Looks like we’re getting towards/in the BTC time of the month. If you zoom out from January it’s been like clockwork with F2P.
Going to be an interesting end to this month. Can’t help but feeling the recent pull back is very reminiscent of January. Let’s see if we get some building momentum as it nears the end again and we publish April numbers (which will be in a fortnight).
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.
Before signing off for the day and enjoying the weekend I’d suggest those who are of a nervous disposition or prone to hysteria step away from their devices and go enjoy a sunny weekend.
In my short time of holding Argo since December I’ve seen this happen already before it climbed to ATHs. Whether people spreading fear are doing it for kicks or because they want a cheaper entry I don’t know but you will find it on every board. As a recent example take a look at EUA a month or so back.
I’ve been foolish enough to be swayed by individuals in the past and it’s cost me a decent amount of money. Perhaps, unlike some of those earlier investments I feel I know enough about the fundamentals and the opportunity posed by this share to quite happily sit and ride it out even if I have seen my profits drop by 60% or more.
All I’d say is take a step back, relax, and take things with a pinch of salt. Just like normal life, football forums, website comments pages etc. there are always people looking to scare others for their own amusement.
I’ll repeat something I’ve said before... go back and read the RNS and then study the likes of Mara & Riot to see how we stack up. Regarding BTC.. take a look at articles online from the last few months and the banks and businesses that are now adopting/recognising this appreciating commodity.
Then, once you’ve read all of that and you’ve seen that nothing has changed for Argo operationally you’ll be much happier when you’re sat in a pub garden with a pint later. If you’re in for a quick buck you’re probably going to have to adjust your expectations... no harm done! Assuming you haven’t got a terminal illness and months to live then what’s a few extra weeks, months to realise the full potential.
Have a good one!
Yep - me too RacingCyclist. For 48hrs now we’ve seen US miners in the red (fairly substantially) and for me it’s too much of a coincidence (no pun intended) that the IPO dropped yesterday.
The other thing which keeps me feeling relatively relaxed (having now averaged up above 110p from my 38p) is that at least some of the shares that are being bought are being bought by new investors who will be looking for a decent return. As I plan to be in for the long haul that’s good news.
I think we’ve seen a bit of a perfect storm...
Rightly or wrongly the share issue and a number of options being exercised has upset PIs... particularly those the other side of the pond. There’s been a bit of dissent ever since and a bit of negativity regardless of the fantastic operational updates and news on the horizon.
Add to that we were approaching the end of the tax year, there are a number of PIs who have been spiked at much higher levels on the hope that Nasdaq will be tomorrow... it hasn’t come and again we’ve seen dissent/some selling up.
A major shareholder has been drip feeding a fairly substantial amount of shares into the market which has gradually eroded the price and this hasn’t been picked up as it was when we dropped down to 68p because people are kicking off over “a 3% dilution” etc.
We’ve then seen the Coinbase IPO and said investors who wanted Nasdaq etc. have seen another opportunity to make a quick buck and have jumped in.
I personally think all of the above have resulted in the gradual drop and Coinbase has been the one to really kick it off. It’s too much of a coincidence that it has all happened in the last 48hrs.
The other thing are the PIs in the share... I feel (and I might be wrong) that shares like this, Cellular Goods and so on have fallen foul from a ‘Gamestop Generation” that shoot from one share to another, pumping or getting bored and jumping to the next. Not so much DD and far more a few cans of red bull and an agreement on Reddit.
Anyway my random musings as I catch up on some of the hilarity and hysteria on here this evening.
Makes me laugh that it’s still 30 mins before the market opens and the sky continues to fall for some. There’s quite a few posters on here who really seem to need to take a step back! There’s a lot more to worry about... in fact if you read the previous RNS you’ll see there’s not much/if anything to be too concerned about at present.
Set your expectations accordingly and don’t hype everything up so much! It really will make you feel better!
Regarding the video... reminds me a lot of the fans forums and weekly Q&A my football club does.. “what does the groundsman like to have with his sausage sandwich?”, “Karl.. when you lived in Liverpool who did you first support?” Etc.
Regarding the hallowed ground of Nasdaq (which in itself I’m sure will be a disappointment to some when it comes) I’d imagine PW is doing exactly as he did for our recent uplisting and it’ll be announced when we trade on it.
PW is right to be relaxed and quietly confident.. the company he is CEO of has risen in value exponentially and he’s in a position where they are printing money and expanding rapidly.