Member Info for barnetpeter

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.

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.

Folk paying up to 180p are well down tonight. I tried to buy early for a trade but gave up. It hit the resistance I suggested in the 130’s but mms refused to play. Stupid system we still have. Being able to lock up. All should be open access especially stocks worth over half a billion £. Tomorrow we may see the 130 or 120 level especially as so many have bought today so have used up a lot of their cash

The low this 52 week year was 0.90. So nearly 7p was too much. You have to be on a freeroll on this one if you bought below 2p so with little news now for a while I can understand the selling.

Pearls I don’t care. Arb is a long termer and I have been here on this board for years. From 8 and 12 pence and as low as 2.8p when I bought some last March. Bitcoin could easily halve and I have said that many for years. Folk need to understand that Arb is very exciting on the way up but risky as hell on the way down.

Of course Arb will drop on Monday. The price of bitcoin is down over 9 per cent and has been down as much as 19 per cent. I think you will be able to buy below 150p easily enough. Another huge volume day. On a longer term basis it does not matter but this was a hell of a tank.

I cannot even imagine how much some of you are losing. The idea is to sell at the highs. Not follow the hopeless rampers who feed you bull every day. That is why charts are invaluable. They would have told you that breaking £10 was not great and to get out.

There will be some monster late sells after the bell.

This £4 level is critical for NCYT now. If it breaks then I expect and the chart suggests to me £3.60 and then a fall to £2.95. Despite the previous comments on here when I posted before, the chart has indicated from over the £10 level that NCYT was at a dangerous technical level. The price is holding but only just

ramp, ramp, ramp.

Yes I think so. Maybe not today. I see next resistance at 130p. After that back to 100p.

People get emotional. You just cant. Arb has had a great run up from below 3 pence. Now we are seeing a sharp retrace. I can understand some big holders are taking profits. They want out. The selling last night was huge. £650 grand and so on. The directors sold. Look at the list....all sales. So down she goes. The company used to be valued on a PE of about 7....maybe the mkt is looking at the risk factors again.

I am holding a decent amount but as a freeroll. I wont sell. Maybe never. I may add...not yet though. The "it must go up" crowd are getting burnt. In 5 years time it wont matter of course. But buying a falling knife is always a losing strategy

Well that did not take long! 4.5p bid. Big seller or some other news maybe? Hope it does not do a MAC and dive from 6.6p to 1.6p.

Lower...160p to 168p.

Why? Look at some of the huge selling going through. 622.54k and so on. Stacks of them. A few buys too but the sellers are out in force

250 grand sell and they accepted 170p. No wonder the mm's are keen on buyers.

To be fair Arb has always been on a much lower PE / rating. I maintain the dilution (58% in one year period) has hurt badly. There are a lot more shares around now and it seems the mkt is flooded with them at this time. The mkt thinks the price is too high so down we go. The bottom....no-one knows. I sense we go lower for a while yet.

Yes but so what? NCYT have lost their government contract. Other companies including overseas are supplying the UK now. NCYT are messing around with small orders but the real money was supplying the big numbers under the one contract. That has gone and wont be back esp with all this talk of Court action.

Sold my 7.5p placing stock to get my cash at over 12.5p. Keeping the rest as a free roll. Tern bounces around so much.....bought it once at below 2p and it went up 20 fold plus so lets see. Its a stock to limit your risk though in my experience. Not a big fan of management myself ....too much money raised and spent on salary.

to me. Only one broker on 188p bid. Looks like this is going lower. I think I will add at 175p and more at 150p if we get there. No idea why there is so much selling though. 100 grand £ took just 1.84 etc. I would say a further rights if there had not just been one and other miners are falling just as much.

I will not be rushing to buy atm. No rush. The example of NCYT is in my mind where loads were saying bargain at below £7 as the price fell lower. Now £4. Might there be some issue with regulation of BTC or other issue? No idea but falling knife at this time. Are those who bought the £2 placing dumping at a small loss? I sense if btc reverses back below $60 we are in for another 10 to 15% off Arb.

Not sure...two issues. One, the FCA may say no. Secondly, the placing might be at just 4p to get it away. So very cheap but very dangerous. Small free carry myself. Hopefully clarification soon

I bought some at 11p after the placing and am adding below 12p when I can. I guess we will see 18-20p later this year.