Member Info for CaneToad

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Price vs 52w High
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RIOT: -67.7%
ARB: -67.4%
DIGIHOST: -66.3%
HIVE: -50.1%
BITFARMS: -49.7%
MARA:-24.2%
HUT 8: -16.8%
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If you look at the price charts, you'll see that RIOT looks eerily close to ARB and both have performed poorly for the past few months apart from a few short-lived spikes.

There's some reason for this - though I have no idea what that is...

If Larry Fink thinks that BTC has no value, then why spend $383M to buy crypto mining stocks a few months ago?

https://finance.yahoo.com/news/worlds-biggest-asset-manager-blackrock-153740142.html

Maybe this is a good example of 'Look at what somebody does rather than what they say'

@SteveJones999: "Lol- tell that to the market cap!"

Exactly. I made a trade in Polkadot (dot) a few days ago; I just took profits. The market cap of DOT IS ~$37B. The 24 h turnover was ~$2.4b, which is more than twice the market cap of CEY.

@Halfpenny: are you getting the idea?

@Mary: " The Group has benefited from an improved Q3 trading environment."

That's what I was thinking when I saw some of the retail brokers.

I have a large'ish position here now, but will be looking to add at some point. I'm also expecting good things to come out of the crypto platform launch. Crypto volumes are surging and TCAP will be a good position as institutional demand is soaring.

@Mirasol: Surely you have a life? Why hang around here. One of over 2000 boards, if you're not invested!!!!

Man, you need to look into the mirror....

I'm invested here at a very low average in small size, but looking to increase. You - from the look of it are an observer, wanting to make a coupel of percent off shorting a stock for the first time... Let me tell you how it works out - you lose your money and blow your account.

Let's hope it's finally on an upwards trajectory. Great company, but needs gold to rise. Any sniff of gold rising? and this could explode upwards.

Looks like base- and precious metals are heading up finally. Could be great for a superb, under-valued company like ATYM.

@Viable: "Seems to be a change in sentiment at last."

I hold lots of gold miners and have been trying to tell myself that the sentiment has changed since a couple of weeks ago. I don't completely trust it yet though as gold can burn badly if you get the timing wrong - that's unless you want to hold gold miners for 5+ years that is.

Here's hoping that it's finally turned.

@Moon: "CEY under 100 is still a steal imo"

It's totally dependent on the gold price. If gold soars - yes. If gold tanks, no.

Do you have a crystal ball?

@halfpenny: what is your purpose of posting that?

I have significant holdings in both gold miners and BTC / BTC miners.

What if the gold price halved tommorrow? How much would CEY drop by and could they even stay in business? What holds it up apart from sentiment?

FYI. I have quite a large holding in CEY, but I am not so naive to think that gold is some holy metal whose price has to always increase.

Oh gee, why are so many low-lifes on this channel? If people don't like a stock, surely they have a life to get on with. The only other explanation is that they're shorting the stock and wish to destroy sentiment. Shorting is a a losing strategy for 90+% of traders. It's only viable for a few people who 'really' know what they're doing and I've not seen anybody here that would fall into that category.

Wressle alone will be producing good money now and is all I'm interested in for the moment. I'll add once the low-lifes have dropped the price some more though.

@hey_arnold: What's your angle. Are you just a nice guy informing the rest of us, who are total idiots, that we won't see a rise in the next week, so we should panic and sell?

Consistently under-promising and overdelivering.

@Tiger: "we have all been led down the garden path here by Mr bloody Wall ... smug man thinks he is clever ..."

Oh come on....How has PW led anybody down the garden path? Be fair. It's your decision whether or not to invest. Look at the share issuance of the other miners. I'll let you in on a secret. Most miners raise capital by issuing new shares - regularly, because they don't sell the HODL. Have a look at the 'Diluted Weighted Average Shares' in Stockopedia if you dare. Word of warning, several miners are classed as a 'Sucker Stock', because there's not yet any accounting treatment which Stockopedia can understand for this. You'll have to do your own valuation!

I have a modest chunk in this, but am not (yet) the slightest bit concerned. Have you looked at the wider market lately? If you're petrified about that, then buy a put option on Nasdaq or something, but don't whinge about it.

As I mentioned today, the 'correlation' between BTC and ARB is still intact.

But how can that be?

Forget the last few weeks, because apart from a few spurts, few of the miners have done well. RIOT has done terribly. I was really surprised though when I looked at the latest composition of the 'Melanion Bitcoin Exposure Index' which is going to be used by the French bitcoin tracking fund (assuming they get their act together and launch it - Invesco are already live). To my utter surprise, ARB is now the largest part of that index, ahead of all other miners @8.7%.

Check it out for yourself: https://www.melanion.com/melanion-index

What does that mean? It means that if/when Melanion go live with their fund, they'll be buying ARB shares mechanically, just like Invesco have already started doing.

You can easily calculate the historical correlation yourself in a spreadsheet using the CSV data downloaded from Yahoo for BTC and each of the miners. It's unstable and isn't that useful, but for the long-term (at least a month) ARB is still highly correlated with BTC.

Why hasn't ARB risen? I have no frikkin idea..................... tell me if you work it out.

@iangibbins67gmai: I don't know you, but I completely agree with the sentiment of not wanting to just hear bulls. I have a large'ish position here and I'm keen to hear *genuine* positive and negative news about any company that I'm invested in. I'm not as interested in just hearing stuff that echoes my own opinion...

@EnriccoPallazzo: "As to the other share I cross-ramped (unashamedly)..."

Enrico - keep cross ramping. Personally, I've made several great trades this year from stocks introduced via 'cross-ramps'. They're half the reason I use these boards, along with boredom. 90% of cross-ramps I ignore, but some are gems. If people don't like it, they are able to politely ignore them or bug*er off...

(BTC itself is down, but THE MINERS have been pretty poor lately. BTC has obviously been AMAZING)

Argo: -0.68%
Bit Digital: -8.09%
Bitfarms: -4.23%
Digihost: -4.41%
Hut 8: -1.15%
Hive: +1.65%
Mara: -4.75%
Riot: -6.06%

BTC itself is down, but it's been pretty poor lately. In my opinion (maybe totally wrong) the miners will move if BTC moves up significantly. No panic yet.

Guys, we're just 13% from the ATH now. You need to form your own opinion about whether or not we're going to get there.

I can't think of a better catalyst for the miners to move up quickly.

(I'm biased. I'm long ARB and BTC. My opinion might be 100% wrong. Do your own research)