Member Info for BodRuncie

It isn't wide any more. The OP was referring to the 265-275 spread earlier.

Wide spread, low volume. MMs in charge for now, keeping it rangebound to maximise £££.

Don't give 'em your shares.

take a look at previous ARB RNS statements. It's all there.

Given Feb is a short month, I would be surprised with anything over 100.

Most likely around 90, give or take, but March is when we'll see the real difference.

However, I fully expect some of the recent herd to sell out at a loss when the sp drops :)

Patience. That's all that's required. But sometimes it seems like doing nothing is the hardest decision in the world.

I bought into ARB in 2019 at 7p, and thought the world was crazy for not seeing the re-rate that would come. I kept averaging down, wondering whether it was me that was crazy, because surely other people should see what I could see. I thought about selling out at a small loss because the sp was going nowhere, but eventually decided to sit on my hands. It took 12 months before I was in profit on my initial purchase.

It's the same here, and in EQT and DDDD and BIRD. I just need to sit on my hands and wait.

Cutting a dividend always looks so bad for a company that you'd have to think they started paying out divis at a level they were comfortable with.

I don't know why there are some on here who find it hard to believe that PIs would still hold shares from the single-digit days?

I bought in at 7p back in 2019 and averaged down all the way to 4.1p. I held 1m shares at an average of 5.1p, and I still hold 750k. There were times last year when I felt sick looking at my ARB holding and seeing it so far underwater, but the company had so much potential that I figured the rest of the world was crazy for not seeing it.

Congratulations to everyone who does their research and then sits on their hands and waits for the potential to become reality :)

The call-in isn't negative to LTH, but is to short-term PIs. A call-in will likely result in some short-term selling. I will look into topping up if it is called-in and the sp falls.

Until then, I'm holding tight.

A great post, Libero.

I'll just add that I've made much more (paper) profit from buying & holding than I have from buying & selling. My best performing stocks are the ones where I research, buy & hold. And some of those went down (a lot) before they went up.

Sitting on my hands is the easiest investment tactic I know of, but the hardest to do psychologically.

I've still got my fingers crossed for a late-February rise!

2.04 just paid, are we finally breaking out of the range?

In this case no news isn't good or bad news. The decision will be made public either way.

We just have to wait. Personally, I am anticipating a call-in, (not based on the merit of SAE's application but just because that's what politicians are like) and I will top up on any drop.

If it gets approved, I will be surprised, but the rising sp will help to comfort me in my shaken state. win-win :)

I'm more of a buy & hold kind of person, so I'll ride out the dips. I'm tempted to add at 1200p levels. if it drops below 1200p, I will definitely add.

DireEmblem, that sounds like a good strategy, but I am curious. The sp didn't reach the 1600p level for you to sell, but is now at the 1200-1400p level for re-entry. Would you buy more at these levels, with the anticipation that it will reach 1600p in the near term?

I had my finger over the buy button at 2.35, got distracted by a conversation in my office, went to refresh the live quote and it's now 2.55.

Grrrr. Most expensive conversation I'll ever have :(

It's good to see you're still here, Albert :)

We're thinking along the same lines. I've top-sliced 20% of my original holding from 5p, and I'm waiting for the Nasdaq effect to take another chunk off the table. I'd also like to keep a wedge long-term because who knows where this could be in a few years' time!

The "mysterious drop" happens at least once a day, every day, since ARB dual listed on the OTC markets in the USA at the start of the year.

Why does this happen? The USA has a huge appetite for crypto miners, and ARB is seriously undervalued compared to the fully-listed US peers. The MMs want to shake the tree to flush out weak holders to pick up the shares cheap and then flip them for a bigger profit to the (few, admittedly) savvy UK investors, or the clued-up US investors after 2:30pm.

This. Happens. Every. Day.

Congratulations, thisisgood :)

This is what it's about, isn't it? You win, your daughter wins, your whole family wins.

Good luck with whatever you do next!

I'm right there with you, Albert. I think my lowest purchase was 4.1p, and I've sold 20% of my total holding since the start of the year.

This is a life-changing amount of money, and although I have confidence this will continue to rise well above £2.25, I still need to sleep at night!

Where are you getting that information from, Barmancy?

Are you referring to the Tom Yeung article posted today on Marketwatch? If so, that is utter garbage reporting. It's a ridiculous piece of hack journalism from someone who was probably prompted to say something(anything) about today's big risers.

He has done zero research into ARB, he says all BTC-mining operations are low-margin, he makes no comparison of the MCAPS and margins between ARB and other US-listed miners like MARA and RIOT, and seems to know nothing about how a dual London/OTCQX listing actually works.

He thinks that buying shares in the bitmining hardware producers (Bitmain) will represent a better investment than the miners.

You can safely ignore what he says. The US buyers who bought after the UK bell will most likely have to get the shares from London when the markets re-open.

I would expect MMs to try to play games with the sp in the meantime (it's what they do), so it's possible that the UK will open lower than £1.94 on Monday, but if it does it will quickly rise unless UK sellers put a dampener on things again :)

Zengah annoys people on other threads with his/her endless ramping, it's not just ARB.

But if he/she has sold out (at a loss), then let that be a lesson on the virtues of sitting on your hands and showing patience :)

What was that old quote about the stock market being a method of transferring money from the impatient to the patient...?