The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Janet Yellen
ARB at 67.5 p is 50% retracement and 54p is 38.2% retracement. I guess it will hold above 67.5p, unless BTC goes back to Jan lows of $28k in which case maybe 54p
Poulan
Not hard to get to a 20% undervalue. 10% share dilution amplified by all the noise and people losing nerve/running out of money to get around a 20% fall. The excessive movements come from FUD and FOMO which are crazy in this sector, not just on this board.
making over £100k profit per day or £35m pa based on previous performance figures and BTC under £20k for a trailing pe of maybe 6. Plug in higher output and even current BTC price and you get a forward pe of around 3. Seems like value to me.
212 not letting me buy even at limit of 75p
Surely we all know this is a volatile stock in a market that is a face-off between traditional finance and a new and growing threat to its wellbeing. There may be people invested here (before?) who do not recognise those massive forces at play. BTC is a brutal market and this is a leveraged play on it. Like the man said, buckle up & hold on. Those butterflies are horrible though....
Must be getting close
80p must be rock solid support now. (quickly touches wood)
Does that mean they can manipulate it?
I believe that Lagarde was responding to Max Kaiser who said (in an interview with Stansbury research a week ago) that BTC would go to $220K this year. He based this on his prediction that a central bank, most likely the ECB, would go bust this year.
Sure but at the same time their public position is that BTC is a scam.
too
I wonder why UBS are saying bitcoin could go to zero? Any chance that they are frightened of losing their dominant position in controllling money? Who would have thought it? Ref Lagardes' outbreak to. Cui bono?
Lagarde was responding to Kaiser saying the ECB wuld be the first central bank to go bust. Interesting development...
https://www.marketwatch.com/investing/stock/0xp?countrycode=de&iso=xfra 1.35 eu (£1.22) over there. LSE must be the least tech aware or most manipulated......
They did a couple of years back
Maybe the BTC holdings? I read somewhere that Riot had 10x as much.
ref https://www.stockbrokers.com/guides/pennystocks
"Does Robinhood support OTC stocks?
Robinhood does not support trading OTC stocks. The only penny stocks supported by Robinhood are stocks that trade on either the NASDAQ or NYSE..............."
Michael Saylor is very good on this point