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Sometimes taking a loss now is better than waiting and taking a bigger loss later on.
No one can tell what will happen in the future.
It “could” fall to sub 100p. Inversely it could also rise to 300p.
No matter what the underlying fundamentals are of ARGO with their future prospects of the Texas facility this is absolutely no guarantee that the price will rise.
Some people can afford to incur loses. Others not.
Unfortunately unlike Pearls the markets react to Elon’s every word.
This makes investing in Bitcoin totally open to his whims.
If he wakes up in a bad mood one day about something unrelated to crypto he might just tweet some nonsense about Bitcoin.
This then causes an artificial drop in the price which we all suffer from.
Him, he just thinks it’s all a big joke and is probably revelling in knowing he has so much power.
I’d prefer that ARB keep off Elon’s direct radar. Unfortunately he has far too much sway on the markets at the moment. God forbid he start ranting about shorting ARB just because Peter says something that upsets him.
We’ve already suffered enough with the current price falls we don’t need to invite further disaster.
Couldn’t agree more Rory.
Another rights issue to raise money rather than selling some of the btc they are holding would be a total disaster and make it obvious to everyone that the board has little respect for shareholders.
I was only giving an example based on the current price of 150p.
It wasn’t meant to be based on my own opinion that it would fall to 120p.
Buying shares is always a gamble. Some may hold for short term or long term but ultimately it’s all still gambling on the hope the price goes up and not down.
Anyway it looks like we will have to agree to disagree and that’s fine.
That is the purpose of this BB after all.
If everyone agreed with everyone else it’s be a pretty boring BB.
Hey Mitt
Sorry if it felt like I was directly criticising you. There was no offence meant.
I am not trying to deramp anything.
I have never told people to “sell sell sell” I only say what I have done.
Given the fact that I only sold half means that I still have some hope the share will recover but was just giving myself the chance to buy in again if it falls.
I know that nothing I say on this BB will move the price even in the slightest as it’s just my opinion.
Hey Jaffa
Yes that sentiment is right but sometimes it can be the right thing to do and sell if it allows you to get a better entry later on.
Someone holding at an average of 200p would have been wise to sell at say 190p then buy back at 150p.
This would all be in hindsight of course.
Hey K
I’m only saying that I have a feeling the price still has further to fall but just wanted to reduce my exposure a little thus avoiding FOMO.
I would be “happy clappy” if I sold ALL of my shares yesterday and then saw a fall to 120p allowing me a better entry.
Unfortunately I cannot see into the future otherwise I’d be a multi billionaire living on my own private island somewhere.
No one knows whether my decision is right or yours is. We will of course know the answer in the future but that’s the risk everyone takes when share dealing and why some of us enjoy it (for good or bad).
GLA
15% rise is a little optimistic but I would welcome it for sure!
More likely it might rise 5% initially but then drop further throughout the day.
Sadly we might be heading back to around 120p.
A few weeks back I remember people saying “we will never see below 180p again. Buy now!” .
I guess these same people are now saying “we will never see below 150p again...”?
Rinse and repeat.
Be warned, this is an anonymous BB and some people have ulterior motives. Many simply enjoy seeing other people lose money.