Member Info for HarChris

I don't agree. No genuine chartist would argue that they know what's going to happen from the charts but they can more reliably predict an outcome so that over time they make more successful trades than failures. In other words it gives you a slight edge over the market.

Now, say you start with an initial allocation of £50k, it still might take you twenty years or so until you've made the sort of money that would lead you to stop the 9 to 5 trading to instead live out your life frolicking about on a tiny island in the Indian Ocean.

It's absolutely not the last chance. The shine has come off bitcoin miners in recent weeks and so it would take some phenomenal rise in BTC for Argo to go on another crazy rally like it did from Oct to March.

Could still turn out to be a decent entry at 170p but certainly lots of time to make a move - will see if BTC can quickly recover back to $60k first.

£1.59.

The BTC price 100%. Take the two extremes to make the point.
BTC drops to $20k, Argo falls to 40p a share area.
BTC rises to $500k, Argo rises to something like £25 a share.

Does anyone know at what sort of BTC price Argo breaks even? A rough guess would be about $20k, sound about right?

Zephi, it depends on whether institutions step in and take big chunks of BTC at around $40k, if they do there will be a genuine transfer from retail to institutions of a good few hundred billion dollars worth. I think they might but if they don't it could reach $25k yeah.

Crawshaw why the hurry to buy back in?

If this drops today then I am just going to give up investing! Glad I held through the weeks and months.
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Remember when Voleon was shorting us they continued to dig in and up their short until they could no more. Focus on the fundamentals, even if they keep a lid on the price today they'll eventually have to close.

That's more like it!

Cheers RE, only have a small investment here now but always pop on the BB for your morning report!

That's not why - it hit £3 as BTC was going from strength to strength and the $500-like projections were starting to look possible. If that had happened Argo would have been making such ridiculous amounts of money that £3 was a fair valuation.

This will fall tomorrow but probably not as severely as some of the doomers think.

Novacyt aren't on short tracker, I assume because the primary listing is in France. Here's the link you're looking for.
https://www.quivad.com/novacyt

It's an AI algorithm derived shorter so will just be taking advantage of the low volume and lack of buying interest until news lands.

Rough P/EBITDA is 10 at today's close. It's rather hard to give an accurate p/e though as bitcoin is still a nascent commodity and could be $200k or $20k in a year's time quite feasibly.

https://twitter.com/Larry64450205/status/1385232848953688065

WorldQuant short increased to 0.8% - no surprise, taking advantage of situations like this is what Shorters do.

The WHO and Unicef partnership could arguably merit the current valuation alone.

Another £4 drop John? Reckon we might reach 1p a share? haha

Some of you lot need a hobby beyond monitoring the share price/bitcoin 24/7, there's a world out there to explore!

Dear MMs, please can you be so kind as to open this where it closed at 14.6
Many thanks, HarChris.

I sold Monday at 15.4 and bought back half at 14.95 this morning, hoping for a chance to buy back the other half even cheaper. Suffice to say I didn't get them - kicking myself now but that's whatcha get for chasing the bottom!