Member Info for CaneToad

DrLong: "You can have a view without a position, im being patient. Always keep options open and be versatile is my strategy"

So what is your strategy? Are you exclusively long? At what level are you going to go long/short?

@DrLong: Are you long or short?

Surely you must be one of these? or are you playing the market with some highly non-linear, exotic options strategy? Not intending any disrespect, just interested in your strategy Sir! As they say, you can only have a view once you have a position.

Guys/Gals,

This is the state of play:
https://www.abc.net.au/news/2021-07-31/crypto-mining-operation-uncovered-polish-police-hq/100339522

I don't personally think that crypto is going to fade away tomorrow...

Cyclist: "Saylor’s one and he chooses PW. Huge exposure. Massive credibility."

The price difference with RIOT is huge, while ARB is clearly the better company. If certain factors align, it could be huge. I spent several hours looking at RIOT today and feel amazed at the low relative valuation of ARB.

Peter Wall is a brilliant choice for this. As I've said many times, there are few CEOs like Peter Wall. Very exciting times!

Hexam@ "I don't think that's necessarily true. For example it could mean half hold and half trade every 24 days or 90% hold and 10% trade every 5 days."

Yeah, I admit that my conclusion was almost meaningless. It is what it is. Everybody should do what suits them best... Short-term holders provide liquidity. Long-term holders provide stability.

Fishy? The behaviour of this share has been fishy for the last year...

In my misguided, naive and potentially flawed opinion, it will lead to the Iodine price rising and more profits for Iofina.

It's seems that the market disagrees with me though.

@splatted: "Me too. Still got my original 1 million at 6p though"

I am incredibly envious of you... I am just a johnny-come-lately.

That means that the 'typical' holding time for most people here will be shorter than 48 days. i.e. there are not as many 'long-term' holders here as we would like to believe...

More TRIVIA:

My own holdings times for ARB trades (in days) have been:

1, 34, 25, 6, 52, 12, 10, 1, 8, 48, 47, 1, 3, 3, 3

The average is 17 days. All trades were profitable.

I read an old 'Motley Fool' article today about RIOT BLOCKCHAIN, where it claimed that the average holding time for RIOT shares is two (2) days (defined as the ratio of the total number of shares and the average daily volume). I thought I'd check it for myself.

Here are the figures for ARB compared against some other companies:

ARB: 48 days
RIOT: 5 days
HUT 8: 85 days

RIO TINTO: 793 days
BARCLAYS: 378 days
BOOHOO: 290 days
=================

Obviously these figures will depend on the period over which ADV is measured, etc. But it's interesting nevertheless.

Conclusion: The typical holder of ARB shares is a swing trader, not a 'long-term' investor.

Starting to look more attractive now, but RSI was below 30 for most of 2020, so technicals are not super reliable here. Has to be attractive as a takover target though.

HUGE!
FACTUAL
*NOT* RAMPING

"So-called Spezialfonds, only available to institutional investors such as pension companies and insurers, will be able to invest up to 20% of their holdings in bitcoin, ethereum and other cryptocurrencies from Monday."

Forbes (today): "Now, amid reports institutional investors are gearing up to reenter the bitcoin and crypto market, a new law in Germany will allow institutional investors that currently manage a staggering 1.8 trillion euros ($2.1 trillion) to invest in bitcoin and crypto for the first time."

Drop because:

- 9 updays; had to pullback soon
- futures expiry
- poor UK market sentiment

Nothing unusual here. Hard to rise when all of those are against you. Still see it surging on significant news though - lots of greed accumulating in the market.

Bizarre, but a great trading opportunity.

It ****HAD**** to break-down/pullback at this stage.

9 up days is crazy!!!!

C'mon - it's been a fantastic week/fortnight for BTC/ARB. Superb trading opportunity.

More volatility = more opportunity.