Member Info for HarChris

There was a period between about Dec 20 and Feb 21 where bitcoin rose ~ 300% and Argo rose ~3000%. Even during that period BTC moved first, steadily pushing up from about April I think (post covid crash) to December when finally Argo caught alight.

This has precedent... if BTC reaches ATHs soon (so 10-15% from here) Argo should break out and far eclipse that.

Hahaha this is actually quite funny. Last week when you had bought in you predicted we'd see 15p after the Q3 update (so a few weeks) but now you think we'll see it within five years!

Just make a new account, you are wasting your time on this iteration.

The P/E is about 16 I think going on expected net profit for 2021 (still unaudited and pre tax) - I wouldn't think it's ever been that low before.

Actually it wasn't, I bought at £32.80 ish on the way up after it looked like it had settled in mid September. I bought about a week after the TR1 that showed Rowe Price increasing their holding - is that catching a falling knife???

There is no way of knowing for sure if a reversal is about to happen, there's always an element of guesswork.

Barclays can't make their mind up, cut it to 4,250 last week and now slashed it again.

If i pop in whilst you're working can I get 20% off the nail polish and lipstick please?

Yes based on this example but that won't always be the case. I've made all my money from scaling into beaten up share prices but fundamentally sound companies like Triumph speaks of. Are you saying hypothetically if this drops to £19 by the end of the week you wouldn't touch it? Surely not.

We all choose our moment to start scaling in, mine was £33 but luckily I didn't go in too hard and now have an average of £27, quite reachable in time. In all honesty I was expecting a bit of a rally into results day and was going to reduce just before but the early update scuppered that plan - oh well.

The thing is Peter isn't worrying about the share price day to day - by the time PW speaks to shareholders next the SP will prob be over £1.50 and holders will be positive once again and looking to the future...

It's currently about 1-2% below yesterday's lows -always likely to be batted around for a few days but not a further 3-5% drop all week.

Same here. The slide started months ago, the bad news was largely factored in before the results yesterday. The CEO departure had the biggest impact and gave reason to push this down even further.

All those predicting further 3-5% falls are just scenting blood.

For a deramper to have any influence they must post sparingly - Dunc clearly has an agenda and with it loses all credibility.

No offence Melissa but if you are invested and simply don't understand what's going on it would be best to avoid spamming this board with negative comments just to make yourself feel a bit better - leave the BB to the likes of K3VMC and Lolades that aren't as confused as you.

I've been one of the biggest bitcoin sceptics on here but I've always said it like I saw it - bitcoin looks to be heading for ATHs this side of christmas with a decent chance of having a run at 100k and beyond. There is so much unanimity in the bitcoin community that it likely will happen, this is about as excited as folk have been since about early February and has all the ingredients for a momentous move.

Of course it's not a certainty but all the while it is trending steadily upwards and with all the hype around $100k bitcoin it's easy to see buys continuing to outweigh sells and the supply squeeze playing out as expected.

@WolfofWarks fair enough about not seeing a catalyst for the reversal. Personally I just can't picture ASOS falling to a market cap of something like sub £2B with EBITDA at around £200m for the year and with retail ever increasingly moving online.

A catalyst for me would be a few TR1s showing IIs loading up rather than dumping.

@dr long I think you're wrong there, the last time BTC went to $30k the lowest Argo went was about 85p and was generally around a pound. As we now know argo's efficiency gives it an advantage in that situation

@leaden that's the point I was making, from here with BTC strong there is unlikely to be much downside. The time to act is early if you are worrying about a retrace back to placing, not to sell when the retrace is near its completion.

You have reason to be frustrated but you shouldn't let that cloud your decision making. Mara is up about 25% over the last month for example and Argo down about 12%, do you think this is going to continue? Do you think this time next month Mara will be at $55 a share and Argo will have dropped to about £1.03? If so now would be a good time to sell out and buy there.

Or do you think like me that something has got to give soon and will? I've seen it countless times, it is designed to make you lose your nerve, to question if something is happening behind the scenes we aren't aware of, to start apportioning out blame, to start wondering if this dilution will be followed by another dilution followed by another...

The shorts clearly think they can push this down to the placing price and maybe they will manage it, but when this is let go (all things being equal or better with bitcoin) this will fly.

To be fair the RNS stating they see no fundamental reason for the rise in the share price followed a jump of over 2500% in just seven or eight weeks.. that's a bit more significant than the recent share price action.

Just checking what buy price was, offered me 112p - had to take it.

Jeez just doubled my holding on an absolute whim haha

Global hash rate does not exactly match the price of bitcoin, it is correlated but not mirrored. If BTC keeps going up Argo will be making much more each month (plus HODL increasing) so if the SP stays still concurrently then the shares are better value than before...

I know it's a lot easier for me having just invested and I feel for those who have been in here a while watching it slide but keep focused on BTC, if it continues to rise this WILL turn and fast.