PYX Resources: Achieving volume and diversification milestones. Watch the video here.
We closed at 4.30pm when bitcoin had just recovered from a mini drop and the SP didn't have time to recover. We moved from 100/99 at around 4.15pm to 107/104 at close. BTC then recovered slightly and ARBKF was taken higher - there was a mini sell off at the end - USA close at a 1.08 equivalent when BTC was around £35.5k... Which was about what it was when the UK markets closed.
Basically the £35-36k level is 110-105 as a rule. Crazy that a stock can be so reactive to small movements, but it presents some great trading opportunities if you can time it right.
My view (very simplistic)
We are now OTCQB listed. This means more exposure to potential customers.
Surely this means ARBKF absolutely categorically HAS to move north at 2.30 - you cannot sell shares if you don't own any. So depending on the uptake, you could see quite a decent spike (for want of a better word).
With BTC at 41k USD and no OTC announcement (or other news) I suspect we would see a repeat of Friday - MMs open it around 105 and chase stop losses and then a recovery to flat.
But as we all know, BTC will probably be 10% higher, and every chance of OTC Venture listing confirmation
"Zoetic preciously traded on the OTCQB(R) Venture Market (same as ARB currently)"
Wrong.. Zoetic moved from OTCQB to OTCQX, Argo are moving from OTC Pink to OTCQB
As a fun fact.. I bought ZOE in the 1st lockdown for 6p. Amazing right? No.. I sold them on a dip for 3p at a 50% loss...