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Interesting miner comparions and ratio upon ratio forecasts for 2024...
https://www.youtube.com/watch?v=XV-1ld2KpeA&t=94s
$35k quelle surprise... we all knew they wanted to take it there. Well done MMs on your fleeting victory zzz
Yes QBT is definitely a casino stock, but ARB is doomed with a short life expectancy...
Really unnerved by recent US miner price actions. My HL US miner share trading account used to dwarf my Halifax LSE stocks by 4 to 1 but now thanks to recent punts on QBT and ARB its almost caught up and soon to over taken them...
And I dont even believe in QBT or ARB as a business model... I guess the uk based PIs are piling in seeing the recent BTC moves and fomo kicking in... cant think of any sensible explanation for it. Just sentiment and accessibility.
Yep and all my favoured mining stocks are down between 5 and 7%. Trying my patience too...
Dags yes was following CIFR the last 2 weeks after a tip off and watched it going from strength to strength. Took a small position here a few days back. Structurally a very bullish miner and seems but seems to be flavour of the month (or week), and we have seen how quickly sentiment can change between the miners which seem to be behaving as erratically as their chief executives who keep throwing unexpected spanners in the works. Still think CLSK and possibly Wulf have the greatest upside from here + I diverted many funds back to safe and steady Riot a few weeks which I wish I had never forsaken for Mara 2 months earlier. The shorters have got stuck into Mara now and we've seen how they can decimate a stock when they get their teeth into them and won't let go.
CIFR having a strong week (and last week). Which is nice.
Good morning bag holders.
Major support forming around $34k by looks of it
SP poised in anticipation of the next parabolic btc rise.
Thin gruel buddy but I take your point. 1 day in 10 ain’t so bad.
Good to hear from you Duke still lurking the ARB board then. 30 - 40% down applies to all the miners and they are not recovering as quickly as I expected. Unfortunately I lost patience with Fred and his dilution antics his timing was less than optimum. Wish I stuck with Riot all along. Increased my holding there and got a position with Clsk + Wulf. Big moves happening for Cifr mining up 35% over last 5 trading days.
Oh no Duke won't be happy to hear that, although it seems like he may have exited the fray a while back.
Bailed on Mara on open today...
@JAdams5000 - I appreciate your concern for the PIs here.
Back into ARB yesterday with some spare funds.
Just a speculative punt though as still have zero belief in ARBs business model and financial health going forward - but good to take advantage of current BTC upturn on the uk markets as well as…
The news might also be coming from Gaza in the next 24 hours
Sorry chaps wrong board. Ill get my coat...
Too many curve balls in this arena now, not going quite how I anticipated it. Even the fundamentally strong miners having their SP decimated. "He who fights and runs away, lives to fight another day"
I think I speak for many here in saying I couldn't put up with her thin sycophantic drivel anyway
Good riddance.
GLA LTH
Ouch. Beginning to feel a little bit sore... how on earth can you play these markets - you cant. Just have to wait.