RE: Argo Labs20 Jan 2022 13:08
OP - I think that being realistic with this share is important.
- some of us have been for what seems like a very long time now.
There's plenty to be positive about but until DeFi etc. evolve further and uptake is more, then ARB is highly dependant to BTC.
This is 90+% retail owned. The institutions who have bought in are now likely to be all underwater. Saylor holding BTC for me is a red flag, just Google Michael Saylor dot com bubble. - why would Saylor holding matter? it is not about who holds, its about BTC.
If we do get a short lived pump in BTC to say $50k then this will be an opportunity to get out of here as BTC looks to be heading south in the coming months. I do think though that based upon recent share price action from the $69k high this opportunity has passed. - i take it you are saying is if BTC pumps argo will not follow?
ARB should be OK though as they're trading and developing strategies as part of their diversification and even with BTC below $10k they're profitable - if btc hits $10k what would their profit be? very little if any, and i agree with hexam post. As they dont return value to shareholders the the real question is what would the share price be. i think you are trying to say argo would survive a crypto winter - they might, but the share price wont.
I do think they'll ride the coming storm and come out well positioned. Although they have appeared disorganised over the last 18 months they have learned by their mistakes and are becoming stronger. - heres hoping, but wont hold my breath.