Member Info for Billfunk1

Once you're out never trade in the same stock twice.

Why is that, Albert82?

I would rather have irrational exuberance than rational skepticism. This is the stock market we are talking about, after all!

Few people know this but the famous singer and sex criminal, R Kelly, is a big crypto fan. Here is his analysis of today's price action. Skip to 0:45 for the crux of it.

https://www.youtube.com/watch?v=vg_Q-RfI9Ds

Because I love watching the bounces.

London is a sh.ithouse. Look at Riot to see proper price action. They had 20% short float. I think that may have been blown up yesterday.

Mildly good news folks. The stocko score has been rising this last week or so. We are now on 32. Unsurprisingly momentum is rising quickly but not at the expense of value. If this gets above 80 all the fundamentalists will start to take notice.

The UK market just sees the depreciation. It will change when we book a proper audited profit.

The main advantage is that it will hopefully multiply any gains seen in crypto.

So long as you're alright, Poptimist. I don't want you to have a coronary is all. I guess your comments will be a buying signal for me from now on. When I hear you are happy with the SP performance I will know that it's a good time to add!

Poptimist's position is too big.

I don't mind at all that he is endlessly negative on the SP. I agree with him it is abysmal. And don't care if it puts people off because ultimately crypto will win out and force the SP up whether we dual list or have skin in the game or whatever. In the end all crypto wins, Argo included. 99.9% certain within one year or two. Crypto wins big.

But the endless and shrill posts belating the SP performance betrays the fact that his position size is wrong.

Poptimist - Cut your position in Argo. Buy some BTC on a trezor or through a spreadbet account.

Feel a lot better.

I had:
15k - 2020 Christmas
100k 2021 Christmas
1m 2025-2030

Argo £1 when BTC = >100k
Riot $100 when BTC >100k

All nice round figures so I don't have to think too hard about things. All these figures will definitely happen exactly when I predict so there's no need for any of you to worry ever again.

Argo is a buy and hold with a timescale of at least 1 year. If that is too long for you I would suggest sticking some money on a spread betting account and backing bitcoin directly there. That way you get your instant gratification. I do this and it makes Argo a lot easier to hold. Argo is slower but may ultimately multiply any growth in bitcoin. That's why I'm here. That's why you should be here too. But this gamble needs time to pay out.

Right company, wrong market.

SP needs:
1. BTC to moon towards 100k
2. Dual listing in US to multiply PE
3. Book a profit HY/FY
Argo isn't suddenly going to moon without one or more of those three things.

I like to see shorters as important animals in the charting ecosystem - like flies, perhaps. With shorters you can be absolutely sure each level achieved has been thoroughly scrutinised and interrogated by both sides of the argument. It makes the bull stronger, in a way.

But yeah, I hate shorters too. Especially bitcoin shorters. Why would anyone take that stance against a democratic decentralised, deflationary, global currency like bitty? Statist scum IMHO.

Three main growth factors for Argo:
1. Operational growth - maybe 100% over the next year including today's expansion
2. Growth in underlying asset - could be 1000% over the next year
3. PE expansion - who knows? In London not very much, in the US it could be huge.
All these three factors multiplied together suggests a rocketing SP though specifying a time scale is difficult. That said 100p could be realised by Christmas 2021 even if we do stay in London.

On the current trend (bottom 26th Oct to bottom 2nd Nov) it could be a week or two. If not then it has gone parabolic and we are looking at the two overhead resistances from Dec 17 and Jan 18 roughly 17500 and 20000.

This must bounce off 15k and consolidate at least around 14.5k. Anything else would be insanely bullish. And by insanely bullish I mean ATHs within a few weeks.

Round numbers and a few marks on the previous ATH Dec 17 and Jan 18. We are going to be in for price action not seen since 2017 and that was simply nuts.

The main thing people have to focus on now is not selling early. Bitcoin will go to 100k within a year or maybe two. Argo will be going to £1. Buy and Hold.