Member Info for DMcG54

BarnetPeter - you were spot on with the 15p, I thought 18p poss but not 15p, so I eat my words but am puzzled why the ETF signoff caused the miners widespread meltdown.

I read that liquidity played a role and the halving being factored in and the ETF sign-off being factored in the recent BTC and miners rises.

As you say, you can't call ARB as it's all nuts, but given the nature of the beast it can lurch up as quick as it lurched down and I reckon there is much life still left in ARB and that the bullish runs and are going to trigger again.

Just IMHO, please no-one think about investing on the back of this message and as always DYOR and take your own risks.

GLA.

Spot ETF has affected the balance, but remember that miners make BTC. BTC is going up in fits and starts and will do before the obligatory madness close to halving. There is short-term growth to come, it's as plain as day, BTC is a contemporary gold mine, The peaks and dips are normal. Up to mid-March just play the game, ARB still good till then. GLA

Happy W/C 15 Jan folks. Wooden bladders don't look at the opening :)

no one can park this growth bomb for long. btc and crypto, not matter how weird and bonkers, will make money. bat **** stuff has taken place with ses approval of spot etf, but the 'aftershock' is a hiccup during a steak dinner, overall this will push up. but for the love of whatever god you all follow, know when to get off the ride! otherwise you will be naked and p1553d on.

SRBS: I ain't selling, this is is 1Q/24 storm in a teacup. GLA MoFos

I still think this is o an upward trend to March prior halving, but the company has to start flexing. It's been in timid reverse with all the rubbish decisions and losing it's edge. The way to stop an onslaught is to start agreeing ways to fight your corner. ARB needs to grow a pair and come out fighting. We have a few jumps up till end of March (IMHO relative nature of the beast) but if this is going to blow the bl00dy doors off it needs to start engaging brain and finding ways to F the opposition.

Weird, didn't see the scale and speed of this coming. Still, it's all part of the entertainment.

Be interesting to see where ARBK ends up this evening (GMT), it's recalibrating downward now to align with ARB.

As I said yesterday, it will get choppy before it settles.

BTC will continue to rise across 2024, and I'm confident ARB will tickle 30p by end of Feb - all IMHO. But it will taste sour for the next few days weeks as the new world of crypto investing settles. The SECs antics messed up a big bang but the momentum is still there.

ARB has challenges in of itself as a company (debt and falling behind in the miner's race) but it has experience and it's surviving. If BTC keeps marching North then ARB will obv benefit and get stronger and there is always the possibility for a merger or takeover to boost share price. There's also the April halving to cintend with.

But I reckon in the next few weeks we'll see some uptick, but those of a nervous disposition shouldn't invest here as it will fry your nerves if you let it.

GLA

Also, if buy price is close to a sell level if an MM is desperate then the buy often gets flagged as a sell and if sell place is close to a buy due to the need to shares that can flagged a buy. There is often a feeling that MMs can play with this effect to their advantage if they have a need to skew the sentiment vs being left holding a stock that tanks or trying to hold back one about to rip so they can tip off buds that there is easy money to be made. All IMHO ;)

It all has to even up against buys to sells - we all know that, but MMs can hold stock for a bit if they see a demand and can hoard for a big buyer to guarantee quick and easy commission. That's why some days the buys and sells don't balance on paper but will balance. UT further adds confusion on the reporting as buys and sells between traders cancel out on what is exchanged via buy/sell balance.

No. LSE are notoriously out of kilter with reporting buys vs sells

Fork Handles more like

The 100K seller was offered 21.125 above 21 - the MMs want the stock as they have demand at these held back prices.

Yeah Agree, This should be much higher given BTC is marching North. Still don't get why this is so under the radar

I'd expect a bit if selling from some frustrated holders or those making a quick quid having bought in at the recent low levels, but the recovery potential for this company post-China exit is massive. This is one of my keepers. GLA

Yeah, as I understand it, this is a opencast copper play. But in many ways, copper is the new gold :) GLA.

Yep, once the overhang is nibbled down the handbrake should come off and then anybody's guess. GLA

Just saying it as I see it, there are wiser and more experienced people on this board that can correct anything I've said below that is inaccurate:

VanEck are one of the companies that have had engagement with the previous Crypto ETF schemes and is one of the companies granted permission to get involved with spot ETFs yesterday.

They also hold ARBK in their ETF, their ETF has the symbol DAPP:

Link: m.etfchannel.com/symbol/arbk/

So it looks to me that Argo is a direct beneficiary of ETFs prior and now Spot via DAPP (VanEck ETF) and also an indirect beneficiary of BTC and other crypto currencies going up in value and improving ARBK/ARB returns.

I think it will start to get choppy and then settle and then rally - but over the next few weeks and months.

It's going to be absolutely nuts for a bit