Member Info for barnetpeter

Near trebled now since this rns and change in CEO in December. Every chance of 5p plus this year.

I am a bit embarrassed to admit I cannot remember what this was. I note Richard Poulden. It has turned up with a value in my account ....which is handy.....but I cannot remember what previous company?

The economy is on track for a “roaring” recovery in the second quarter of the year as card spending, movement in city centres and restaurant bookings all take off.

Card data from Barclays suggests total spending was 15pc above pre-Covid levels in the first week of the latest reopening phase as pent-up demand was unleashed.

I tend to agree that Arb is overpriced at this mkt cap with bitcoin below 50k. Mind you we had a great rally last week from about 135p. This is def the most exciting share around at this time. Big volume so easy to buy and sell and swings around. Many here cannot see a huge fall to 12p or so even though that was the price 5 months ago. I don’t see it at anything like that but none of us saw the huge falls in the dot com time. None of us can read the future. I see btc at 100k myself but I am smart enough to know I might be wrong.

Bitcoin was below 30k this January. A few months ago. If it goes back to that level Arb will fall sharply as profit margins fall heavily. That is the punt. Arb is a heavily leveraged Btc gamble. None of us know where next. There seem plenty on here who think this is a no lose situation. Of course it is. Btc has fallen 15k from the highs. It could fall another 15k. We place our bets and we spin.

this week to buy Arb in the 130's and sell above 200p. The 130p support level held firm. Nicked some myself.

This is a bit more dangerous. Bitcoin below $48 and down 11%. Weekend coming up where BTC can move sharply. The American President Joe Biden is reportedly set to unveil plans to enact sweeping new tax regulations, including changes to capital gains tax – which might affect thousands of crypto traders in the country also. If he does....the future is uncertain for crypto. Careful on margin buys!

But you never so. Not exactly a long term buy!

After the sale the company will have approx £24 million in debt and loans plus possibly more to pay in pension deficit. They will have two properties and two cake makers and £ 3 million in cash. That is much better than before and they may at some stage be able to get out at zero....but I see little here for shareholders. Been in this before and managed to bail for a small loss....its not exactly a must buy. Could end up as a shell but with no assets and tons of losses so may be attractive to some one. A punt stock now but miracle if anyone makes much out of this dawg.

Been saying here this week that 360p was a key support level and it held. Just but enough. Arb was at 130p and that held and saw a big recovery. Just some positive news needed here for a similar reaction.

Chart support levels really do work.

I was buying these at 0.8 and 0.9. Luckily I sold some at 3p and 3.6p. These are not great or what the mkt wanted. I see 1p here soon. At least they raised cash. But the mkt seems a bit bored with this type of company that has done little enough in years.

Underwhelming is the right word. Dilution and no real progress.

The 360p level has held today.....just. Next level if this breaks is 295.

I just dont understand why the company is so quiet.

Well thats a shame. I was expecting good news. The move from 6p was just a ramp then. No contracts, nothing positive to say. Taken my profit and moving on. So much for being in long term.

GL holders

Good posts and below 4p was just too tempting. So took a few. I think you are right and good strategy to buy a few on the way down if you get towards 3p.

That is some fall from 6.5p. I wont be adding yet....I see more falls. Not just here; the mkt looks dodgy to me. Stuff like Arb ...hit 130p today...and former star NCYT etc. Lots of stocks like this just look toppy to me.

I sold out of Gambling Realm GMR yesterday at 43p. With reluctance. But I just dont want to give some of this profit back. Easy done.

Oriens ....rubbish. I bought these at 61p and have done well. I have been saying for a long time this was dangerous on the charts. I still have a free roll on this but would not buy more. Check my posting history or just block me if all you want to read is “going up”. Rampers galore on this thread have burned a lot of mugs.

130p is critical I think. If this breaks down then 100p level is next. I think that would attract a lot of buying so I am sure that would hold for a while unless Bitcoin tumbles. The company did well to raise plenty of new cash well above this price and of course the directors sold heavily.

The 400 level is now firmly broken. I predict 360p soon with a possible break to 295p as the next support. The company remains very quiet....

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

Today was a mugging. Nothing more. I dont see 35p...but Arb was mining plenty of bitcoin when the price was 12 pence just a few months ago. The price of bitcoin remains key of course. If it breaks 50K then timber!!

18 to 20 pence. Still very low mkt cap so 50p in longer term perhaps. In at 5p as a sleeper myself. Will sell enough for a free roll and then let it go up ten fold hopefully.