Member Info for HarChris

If BTC holds at this level and continues to rise, even just gradually from here on out (say 10% a year), there is no doubt that Argo is going much higher than today's price. Shorters know when they begin shorting that at some point they'll close that short and will be holding the asset. What you said about the near term is true, in a sense it doesn't matter for long term holders what happens next. The aim of the shorts will be to drag this down to a level (say 135p again) before a short squeeze and a sharp reversal. They make their money on the way down and on the way back up.

Despite it not really mattering if the price goes lower first before rising back up, it's still obviously not what holders want. Most (including myself) find it rather stressful seeing large paper losses, even if only for a very brief period.

At this stage there is a chance of losing all your money investing in bitcoin but no more than investing in any single FTSE100 company, it's possible but highly unlikely. I can understand the BoE governor warning against small alt coins that suddenly rise thousands of percent in the same way as you can lose it all quite easily in penny stocks, but bitcoin losing all its trillion dollars worth of value? Not happening.

Yes, a 'clique' of fellow investors, kinda normal no?

Looking in I'm starting to feel quite sorry for those actually invested here trying to discuss the company they are invested in when every fifth post is a pathetic new account trolling the board or someone else crowing at the share price.

And as for Scinv... Jesus!

Interesting watching this play out, a good old fashioned tug of war. From this point, 170 ish, it goes one of two ways. It's obvious why there is such a high short volume, a sharp bitcoin correction would crash this share.. This is not a deramp, this is just the case.

Day by day however a correction looks less likely. Bitcoin is looking more and more stable and proving its worth as a store of value, an appreciating one at that.

The tug of war hasn't been won either way yet but I think something's going to give soon and I'm siding with the bulls/longs now. If it happens this will move in a flash, blink once and it will be £1.70 blink again and it will be £2.75.

Interestingly the two declared shorters over 0.5% Landsdowne and PSquared Asset management reduced their short to below the reportable threshold.

https://shorttracker.co.uk/company/JE00BG6L7297/

Good sleuthing. When the share price rose from 360p to 580p in a matter of trading days I wondered if WorldQuant would double down and it turned out they did. With the DHSC dispute still hanging over novacyt and still a level of uncertainty as to what the future holds for the company, I think there just wasn't enough fire power/buying pressure to force the short to close. That rise would be trader-led more than investor-led and so once the traders had had enough and started to sell WorldQuant pick that point to short further and make back some of the paper losses.

There are a few catalysts that can push the share price up into a much higher trading range, when they finally happen I'm pretty confident World Quant will be gone in a flash.

Share price is driven by US market action - every day we await 2:30 BST to find out what's next!

I think it'll take a fair bit of time til pre pandemic price is reached but £1.20 ish will be here before the summer is out - from here almost a 50% rise.

If Argo was 50% off ATHs and the rest like Riot, Mara, Hive etc were all doing great then there would be reason to point the finger. It's evident however that after extraordinary share price growth earlier in the year the hype has died down and they are all a little out of favour right now. That is not Peter's fault and there is literally nothing he can do about it, even Nasdaq is not the silver bullet. All he can do is continue to work hard building the company, follow through on the expansion plans, cross his fingers in regard to bitcoin and hope that sentiment returns.

Hear, hear Jimbo, spot on.

There is no such thing as true value.

Perhaps next April Fools Day?

Completely disagree livepari, the worst time to announce this would be once the share price has recovered to pre-covid levels, only to crash again. This will have little to no effect medium term and once NEX, Go Ahead etc are back in favour we'll be rising with them again...

We don't know that for sure Porky, that bloody DHSC dispute has left a few question marks over the finances. There's no point giving up though, in fact if you're so sure of that figure you literally can't lose from here. If the H2 trading update reveals say, I dunno, £170m in the bank + the dispute resolved then this is going on the mother of all runs.

It's quite a learning curve and I'm very lucky I've largely been on the sidelines. I almost committed a large amount of funds into Hive a few days ago as I thought they'd surge off the back of ETH's continuous rise but no, they too are falling and the short interest has increased dramatically.

It's all designed to make you question the longevity of crypto miners, to lose all hope and eventually sell. Just as that happens the shorts reduce and the rally back up kicks in!

To be fair Ian Gibbins isn't exactly wrong. Miners are being sold off but they'll be bought back as aggressively as they are currently being shorted. These stocks are largely held by PIs who, in the majority, will breakdown and sell in the face of continuous pressure.

Huge money being made by those shorting it at the top and loading up at the bottom. Bastards!

Crl hey, big potential here. Positive news June onwards will see this fly. Happy to ride out the volatility until then...

Come on, they are sells face it. And it doesn't matter. Price action has been poor for weeks and a fairly large holder has decided to sell into that weakness on low volume, probably with the aim of depressing the share price in order to buy them back under a quid next week.

It happens all the time and is no reflection on the long term prospects here.

Sure I'll answer it for you...

Yes, you are more than entitled to express an opinion on a SP chat even if not invested. What gets annoying is when you post more or less the same thing ten times in an hour! Again that's your right but it's done nothing for this BB today that's all. GL whatever you decide to do!

Having raised $57.25 million at an equivalent of £1.87 nine months ago I see a lot of value down here at £0.80.