The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yes Martingdale, output falls June to Nov because of increases in difficulty. All miners are equally affected. Mara, Riot, BTBT continue to rise.
Weekly RSI went red 5 times during 2017 run including Dec 2016. It basically lived there for a whole year with the occasional dip. We have been there once this run.
The ECB announced a E1 trillion COVID receovery package.
The Americans are discussing a $2.5 trillion (?) stimulus package
UK anticipate the best part of another £1 trillion of debt
All this needs to find a home somewhere, preferably deflationary. So like with the tutes buying, I am holding BTC whilst they continue to inflate.
All these guys on the BOD should have crypto held in cold storage. It goes with the territory. The question is why they think it's better there than here. These crypto stocks have to function as amplifiers or else people will just go and buy crypto direct or else leveraged treasury stocks like Microstrategy or Galaxy.
To me it suggests the guy doesn't have a great vision. The value proposition will still play with the listing upgrade but the dreams of this being a serious US player on the Nasdaq have just dipped under the horizon IMO. No way he would be selling now if he thought that was on the cards.
Phoebus - he would only have had to sell just over a quarter of them, maybe a third to cover all his costs though.
So the question remains, what does he think is a better home for his money than Argo? I might consider investing there given the guy who has all the info on Argo thinks it's worth it.
I should chill out. I get wound up because I see these people as the embodiment of the market that is dragging this share down. Their ignorance and pessimism directly damages my capital.
I will try harder to ignore them in future.
Which is why we were calling for a US listing for months in Summer. This will never achieve even 15 PE in the UK. We had a bloke on here only the other day who decided to sell because he surmised the PE was 20. Meanwhile Mara's forward PE is 180ish and Riot's is almost 100.
Which all goes to show why I give morons like Dk857 short shrift. You might find that pathetic, but I've already done valuations on this and honestly don't have time for anyone who thinks this can't be a Nasdaq stock producing several EH and valued towards 100 PE. That should be PW's goal here and all the plebs in this country need to get on board with that or p.iss off back to their UK microstocks.
You sound over diversified. That's great for fart sniffing but crap for advancing wealth. Any prat can buy a ton of stocks. It's not a great strategy unless your main aim is to preserve wealth. That's nice for you. I actually want to advance my wealth so I pick the fastest stocks and hold them instead.