Member Info for misterbeck

Maybe he wasn't expecting to have 25% of his existing ARB wealth wiped out last week which has caused him to take a much more cautionary and defensive stance on his future argo predictions, and hence his muted sentiment on the stock.

@Poptimist. at this particular juncture it looks like it might be more lucrative to migrate funds from ARB into actual bitcoin purchases...

@Muscles. Of the highest order.

@Jenk2205 "Argo has always had a delayed reaction to btc price movement."
No this is in fact incorrect waffle. It has always moved at the same in synch and in the same direction as BTC (not always matching the same percentages) until just the last week after the IPO.

I think sentiment has been floored by the recent disingenous IPO and yesterdays RNS... the timelines have all been stretched out and machines yet to be paid for... a lot of investors don't want to hang around here until Q3/Q4 next year before which the SP progress will be slow. There are other more attractive faster moving stocks around.

@goldy don't worry its just the placing shares churning... as soon as the US realise we have joined Nasdaq were gonna skyrocket!

Indeed the SP action is most queer - BTC up almost 8% and ARB just 3%.

Dazzling SP action this morning.

https://www.bbc.co.uk/news/business-58727437

Early morning yes, but now a bit 'after the lord majors show' and too dangerous to enter.
Casino penny stock will go down as quickly as it goes up.

Buy on rumour, sell on news. simples.
BTC is the only driver for the time being

@Longinvestor. Unfortunately I have to agree with you. Thats the way I see it too.

@Trelawany. Like I said rns could be construed as deliberately 'ambiguous' to give them a bit of slack should they default on their projected timings. Maybe they will surprise us and deliver ahead of schedule... hmmm
I think the city and MMs would have preferred a more decisive and definite message..

A decent, positive, albeit slightly ambiguous RNS and BTC up over 4% and yet ARB SP up a mere 1.5%.
Hard to explain this. Some sentiment weakness somewhere or a shorting campaign? ... Constructive thoughts please...

yeah all the gullibles on here expecting that Nasdaq entry was the golden bullet going save their cotton-socks - well I did warn you nasdaq entry quite often reverses the SP as I've seen it happen on a fair few stocks already and sure enough its happening here.

its looking like I might have to dip my toe in again

I know Splatted, I just felt like cheering everybody up.

down we go

Well said @The_Chuz. PIs well and truly shafted here there is no doubt and quite blatantly and callously at that. Wealth slaughtered.

Bought at chunk at 128 and sold at 138. easy money in just 5 minutes