The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
SP just pausing for breath before the final push to 4p in the last 24 minutes.
Someone will soon post
'SP just taking a breather'
'MMs flushing out the weak'
'Filling a big order'
I believe ARBs SP will continue its gradual decline towards the halving date as investors become more spooked by the fate that is approaching them
To dare is to do x;)
41.8k doing ok
Some bargains to be had today - even after all the consecutive drops. Think this weekend could be a turning point. All the PIs 2nd-guessing expecting btc to drop through $40k support to $38k or even as low as $35k but I suspect the whales and their Algos are one step ahead of the herd and will probably start buying back in before it reaches those levels - just a muse. Hope the Grayscale sell off doesn’t continue into next week. Should be an interesting watching the US market go into close.
Depends on whether you are going in for a short term punt and get out on the next rise, or investing long term thinking they will survive post-halving.
PF 30% down from peak - in just the last 3 days a complete and an unexpected nightmare for many I suspect. The drop was well orchestrated and the PIs played. The rug was well and truly pulled from under us after all the ETF hype, and so it seems it was all priced into the recent rises after all. Managed to sell a fair few stocks and preserved some profit last week as I really couldnt predict how far it could drop. I would be extremely surprised to see BTC drop below $40k but we are in uncharted waters now... will wait for market to settle down before investing re-investing more.
Looking to me like support is forming around 43500. Getting tempted to pull the trigger. Hmm
Yep that is one hell of a steep line, and just before the weekend too. Ouch. The opposite of what many were thinking.
Will be comforting to know when the bottom is in... then I can re-invest....
Sold off 50% of mara holding, got to preserve at least some of my profits and then wait see where this settles.
If it drops a further 10-20% I will re-invest the same funds. Games being played but just in case they aren't i need protect funds.
Haha Chopsing I love the disdain
Why is CLSK looking so sad? Seems to be stuck in the mud and lagging behind the other us miners. Anyone shed some light on this?
@HarChris. I feel that the response to your question "what do you think the current cash position is?", is quite telling "This is a crypto share bulletin board not a classroom.." Deflected the question but I think we all know why.
Unlucky HedgeHogarth. I was sure you had sold out at 34p and wished I was you and done the same. But I would still have bought back in on the drop today. I have been following your recent predictions/posts and they have been soo spot on I wondered if you even had some insider knowledge and that you were a Good Samaritan here to warn the vulnerable PIs. Sorry for the previous sarcastic posts you know your stuff.
Mysteryguy - to some extent I agree with you. But I would not consider myself a day trader. I maybe do 1 or 2 trades a day and just re-callibrate my PF. But I cant ignore a 40-45% spike which Migi encountered in the last 2 weeks or the 25% drop on ARB today, luckily I was watching the screen when it happened which is often not the case.
Diamond hands aye Dags. Diamond hands...
Love the volatility thats what were here for isn't it? Its okay if you are able to watch the screen from 8am to 9pm then you get a chance to quickly react to the spikes as they can come very suddenly and when most of us are meant to be working...
I got lucky today but I could so easily have missed it as I do with most of them.
I always sell on a 40%+ spike up and buy on a 20-25% drop regardless... unless there is a serious fundamental reasons not to. Even if there is a serious reason you still get after shock ripples to get out on.
Indeed. Threw the kitchen sink at this at 24p
All US miners went down yesterday tracking the Nasdaq and the fall in Apple and big tech stocks. The fall was not ARB-centric.
Right now this is an easy 'hold'. ARB is an unstoppable force all the way to 100p imho. Diamond hands wins out.
Flip-floppers will lose.