The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I’ve been sitting on this one for some time now and don’t really check in on this forum very often. I thought the first pour was due by now. Have I missed it?
Don’t panic!! This is just a brief spike so no need to worry. We have all seen this before many times. BTC will be back in the $57k range by Monday morning, just before open.
I wonder why this always happens at the start of the weekend? Is it just to annoy me as I only hold Argo and no actual BTC?
I’m no share trading expert but IMO if you sell at 254p then it needs to drop to at least 229p (10%) to be worth the hassle and risk. Plus you need to sell a large chunk of maybe 50k to be worth the risk. The price could easily jump 10% up and you’ve now missed out on the money you hoped to make. I’ve done this many times so now I’m just holding (not HODLing which is a reference used solely for bitcoin) for long term gains and because I won’t miss out on the rises.
If we look at ARBKF on Friday, it increase towards the end which is a good sign we are over the dilution and can now start to follow the price of BTC again. We have never exactly followed BTC but it does influence our share price to an extent. I think BTC’s rise will spur people into investing more into ARG and I will look to invest more if it doesn’t rise too much. I’m still 100% committed to this company so holding for the long term in 2 ISA, SIPP and trading account.
We do need to remind ourselves that Argo has risen by 25x in the last few months so we have grown far more than the other miners. I think I should still keep up with BTC though and rise by the same % which is around 8% average. I’ll be happy with 275p Monday but still hopefull of more if FOMO kicks in again.
Jp
If we look at the ARB share price over the last week and compare it to the other small miners like hut8 hive digihost etc, they all acted similar. Mara and riot went up a bit but the others have all dropped the same as ARB. Therefore I feel the price this week is due to the market in general so I’m quit happy to be holding 50,000 shares in this company. I have moved some money into other miners but they have also dropped by roughly the same amount.
IMO thing will move up again soon and I’ve got my fingers crossed that I price holds so I can get another 10,000 shares before the rise. I’m a long term holder as I’ve lost too much by trading before so the short term price doesn’t matter but we all need to see some paper profit to make us feel good about our investment.
What a great rise. So glad I invested in a bit miner share..........oh.........just realised its Argo!!
I still can’t see why we are not going up along with BTC. I can understand the drop due to sentiment but I would expect some sort of rise in relation to BTC price.
Google has stopped updating the share price and can’t get a sell price on ii. Have they gone under?
I’ve been caught out many times with buy orders. Spoken with them and the suggestion is to just try placing an order and keep refreshing until you eventually get a firm price then confirm immediately. Orders are all put on the system manually so could take a couple of hours if trading is busy.
Great opportunity to buy more. Had to sell some other shares to do so but they were going up less than this will bounce back to. Just look at the bounce back yesterday. Same will happen later today. Only managed to raise £8k but every little helps.
Great rise today. Struggling to find news as to why? Time to take a bit of profit?
I bought into Argo around a month ago now and have followed all the comments to try and come up with a percentage relationship to bitcoin rise. Here’s my take on it. Argo was undervalued so had some catching up to do which we have seen happen in the last week or so and it basically overshot it’s true price. Hence the pullback and failure to go up with bitcoin rises. Now with have stabilised I feel we will see % rises the same as bitcoin and the other big miners. We will also get rises with positive news.
So, as for Monday, I think we will rise by exactly the same % as bitcoin rises since close on Friday. I would expect to see around 330p based on current BTC price. Notice ARBKF actually went down even though BTC went up. I also have hut8 which went up nearly 20% and I feel there is a chance that this could rise the same as Argo did until it finds its correct price.
I am still a strong holder even though my shares in Argo dropped nearly £30k from the peak last week. In for the long haul as this could be life changing for me and retirement coming 10 years early. GLA
JP