RE: 10 to 1 ADS - Another PW masterstroke?21 Sep 2021 12:13
Argobull nicely put. I think Blondity has a similar view as he sold part of his Hut8 position to add to Argo before the IPO.
Considering the recent market swings Argo has held up extremely well. Yesterday was an impressive finish and through Mike's great work we have seen that I.I.'s have been loading up massively before the IPO.
I think the sting of Evergrande has lost it's potency. Global markets are up today and there are plenty of analysts, including from Bloomberg, are saying that the effect of a potential Evergrande collapse would not be a global economic downturn as some originally envisioned. There was an initial panic which caused yesterday's red streak across the global markets but today it seems people have a much more nuanced and calm view so we should hopefully see a continued market recovery as the week goes along.