Member Info for CaneToad

@Speel: I agree the last week has broken the BTC-ARB correlation, but there are also periods where the correlation between the other miners and BTC has been poor. There have been weeks at a time when the 20d correlation has even been negative. On the long-term, the ARB-BTC correlation is excellent.

I agree that during the past 7 trading days, all of the miners have closely followed BTC, while ARB has not. I follow the others closely, because I trade all of them and ARB was the only one that didn't repeatedly pop to my target within a day or two. It was like shooting fish in a barrel ... while ARB went nowhere.

MARA and HUT are now looking heavily overbought to me and to a lesser extent, so is RIOT. ARB looks good.

I'm still invested here and will build my position further on any weakness.

At any time now, the Melanion Capital BTC fund will open to investors and they will be buying BTC continually as the fund grows. Currently, ARB would be one of the biggest weights in that fund. In the meantime, we need to listen to all crap on this channel, but I think it will fly soon and sentiment improve.

That's just my opinion. I'm heavily biased and I actively trade ARB and other miners.

Unfortunately, the balance sheet is stale (old) in Stocko. I'm going to send them a message to see if it can be updated.

Looking good here. I will be loading up more on any weakness from Invesco / others.

@600Thieves: "The disrespect and bickering on here"

TOTALLY AGREE. Who is interested in that SHI*? Only losers spend their time insulting strangers.

The target that I see (Stockopedia/Refinitiv/2 brokers) is 355p, 34% higher than spot.

Guys, don't panic.

The last week has had minimal effect on the 20-day and long-term correlations that I showed last week. It's meaningless to look at time periods shorter than this, because RIOT, HUT and MARA also have unstable correlations over the short-term.

We're now looking the cheapest on technicals, with all of the others except RIOT heavily overbought. I've cashed in most of my trades on the others and am loading up on ARB.

I guess we now know who was behind the 300k short last week!

Boatman has failed. The shorts haven't made any serious money and I expect he'll be nervous about keeping them open. The size shows that Boatman doesn't have the backing of a serious hedge fund. FFS, there are lots of people on this forum with larger positions than these guys...

Starting to build some momentum here; hopefully it continues!

Maybe that would be of more interest, than the persistent steam of tosh...

C'mon, there are some great crypto opportunities atm. Anybody in RIOT, MARA, HUT has been making a killing. ARB primed to rise without being overbought like the others.

Just my opinion...

For what it's worth, RSI is now looking attractive @28, but this share has a habit of low RSI for an extended period (e.g. months at a time). I'd be a buyer at 50p. Very bullish on this share long-term, but not at all confident where it's heading short-term. I can't see anything really significant in the sells today.

I hope you guys have also been in the other miners over the past week - nice!

With the exception of ARB and perhaps RIOT, they're all looking a bit overbought now. ARB is by far the most attractive, based on RSI(14):

ARB: 52

BTBT: 80
BITF: 80
HIVE: 71
HUT: 74
MARA: 71
RIOT: 65

Listening to his explanation - it all sounds reasonable to me. I'm happy to increase my position further.

I see the following:

Wednesday, September 29th 2021
Ince Group PLC Annual Shareholders Meeting

Monday, November 29th 2021
Half Year 2022 Ince Group PLC Earnings Release

A bit over 3m away.

This looks like a very attractive takeover target. I'm surprised at the relative strength of the balance sheet/net cash position, considering the situation.

"The scheme is designed to encourage manufacturing investment in the offshore wind supply chain by providing grant funding for investments for firms looking to make strategically important offshore wind components, from turbine blades to subsea cables."

That reads well to me.

https://www.cityam.com/government-pours-270m-into-humber-offshore-wind-industry/

That has to be good news for Tekmar.

This starting to look massively overdone. It's difficult to understand the cause of the drop, except if an II is reducing.

The company is a professional shorting company. It is similar to Shado*Fal* (of DarkDestroy*r fame). i.e. they are professional scu*bags.

Nonetheless, the allegations on the Texas land need a quick rebuttal from the cmopany, which I expect will come today.

I am not at all interested in the Celcius, but I am interested in the Texas Land issue. If any element of that Texas deal is true, the FCA and SEC need to be involved as it is a criminal matter. My gut feeling here is that the story is nonsense. I do not believe that PW would be so stupid as to engage in activities like is claimed.

Oh boy, an II must be offloading. BIG TIME.
Happy to stand back and wait for the dust to settle before even thinking about topping up.

I invested here purely for Dundas. It is mindblowing that they have *multiple* world class assets.