Member Info for HarChris

Please, please try to listen and take something in rather than writing the same thing over and over again. Price action is not always as straight forward as you think, shares don't move in a rational fashion short term. For a share like this it isn't as simple as bitcoin rises by x amount, arb rises by x amount. Momentum plays a massive part and momentum is clearly not with us right now. What started this downward trajectory I can't say, perhaps a big seller or two, perhaps coordinated naked shorting. What is obvious is that a lot of Argo is held by PIs, PIs that have panicked and facilitated the move downwards, not started it no but supported it. Right now the seller/shorters (I obviously don't know which) are strangling the share price. This will end at some point and as long as bitcoin continues to reach new highs momentum will once again shift back into positive territory and the SP will rise dramatically.

There is nothing 'suspicious', it's simply momentum trading at its purest.

If you want to know why Arb is falling look at your assessment of the situation... now multiply that by thousands of investors who take their cues from share price trajectory. There you have it, downward pressure on price.

This will snapback if bitcoin holds up without a doubt. Sure go look elsewhere for gains, that's your prerogative but don't pretend this fall is anything other than one or two big sellers followed up by thousands of panicking PIs.

No Tiger, Myles isn't 'some random', he is a very wealthy and highly experienced small cap trader. He has made millions in the stock market and has the TR1s to prove it. You on the other hand go around telling everyone you're an ex investment banker and yet go around asking everyone for advice on here!

... listen to Myles: https://twitter.com/investologica/status/1381888603136131073

You really have the most shallow understanding of the stock market and are spooked and amazed when a share price does not react completely rationally.

Javier seriously are you sure ... I am selling out asap ... BTC is about to hit 63k and we are at 220 ... does that make sense ?
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The fact you try to convince us you're an ex investment bank is very, very funny.

Share delusion sounds about right!

Tiger my thoughts are that momentum has been lost for now and panic over the share price not responding immediately to the bitcoin price rise is creating a self-fulfilling prophesy where panic leads to selling which leads to more panic and more scratching of heads.

If bitcoin pushes on from here and reaches $65k this week (and holds) I am very confident Arb reaches at least 260 and probably much higher.

No, what Sanchez is saying is he thinks you think you can move share prices i.e you're a deluded narcissist!

You're a nervous nelly aren't you!

Completely agree Breacon. Just added another £15k knowing full well this will move soon as long as bitcoin stays up here for a few days. Risky overexposing oneself but this is the time to buy, right before it gets pumped and overbought...

I've just bought back in at 394.9. Not sure yet if a short term trade or a medium term investment but hard to see it going much lower without further bad news now...

The majority of the articles on Argo go something like this 'Argo blockchain's share price is correlated to bitcoin and as I can't be sure whether bitcoin will rise or fall I will watch this one from the sidelines'

I'm so sick of hearing people moan about our share price and how it's detached from the bitcoin price whilst all the others aren't. Thanks for this post RC.

Yeah I think we're years off... years off becoming a multibillion pound company. In the meantime there should be many key milestones that will take us to £300m, £400m, £600m etc

Agree. Full disclosure I'm not currently invested here having sold out on Friday in the 500s. I want to buy back in but it feels even more of a gamble with so much uncertainty still surrounding the company.

There really needs to be an rns first thing tomorrow morning with more detail or I see the share price falling into the 3s in the short term. There is every chance buying back in now or topping up will lead to healthy returns but like many others I'm sitting on the sidelines until there's more clarity or simply the share price is too low not to have a punt on.

Doubling down again and again and again is classic gambler's mentality Porky!

Such rubbish. Argo is aligned with future bitcoin price/projections - sadly the price keeps stalling rather than accelerating so the market is nervous. We need a proper leg up in the bitcoin price and argo will fly.

... I've got to say the research and effort put into BMN on this forum is quite something. Keep up the good work, it's really appreciated!