Member Info for Paul2566

I than all those who have taken the time to post here. As always I appreciate your views and comments. Bitcoin and linked stocks are very new to me and a far stretch from the rest of my portfolio.

I agree that I'm conservative, I tend to be rewarded with pleasant surprises rather than dissapointment.
I relatively confident that the SP will spike again in the near term, at which point I will sell to recover my initial investment which will leave the free money invested for what I hope to be strong returns.
If that happens its a win win. If it dosen't then thats ubfortunate, but at the moment I like the risk/reward potential.
I'm looking for 112p SP to cash oud the BED account and leave the remaining free shares in the ISA account for the long term.

Yes and I think it will most likly spike well above £1, but I was suggesting it to be consistently above 80p and frequently up to the higher range.
I really want to hold this stock long term but want to see some stability within that range. I'm not a lover of day trading, just don't have the stomach for it.

Thank you for your replies and patience, I believe its a high risk stock and with associated potential high rewards.
There is a lot of positive information to be found, but some of the over optimistic comments on this chat site unsettle me a little. Strangely the really negative ones don't.
My personal view for what its worth, and I appreciate that's not much, is that without any negative bombshells, and if BTC can keep above $32k its not unreasonable for ARB SP to hit £1 in the next 3 to 6 months holding at +/-20p of that SP consistently. I know tats a big flucuation window but think this will remain a volatile stock for the short term.

While I share your optimism, I don't understand your view of a 2000% increase in SP, I cannot immediately bring to mind such a metoric rise in a stock SP over a 12 month period.
I suspect that a combination of ARB being such a young stock, investment in growth, and out of date figures may be the reason for the odd financials.

I have bought into the idea of ARGO and currently hold £28740 of shares which for me is a reasonablesum of money. I have watched the various presentations etc. and view BTC as something with true growth potential. It appears difficult to value ARB stock in the same way as conventional sector stocks.
However I cannot get my head around why it has a negative ESP, ROE, ROCE, ROA, operating margin, and pre-tax profit. All of which taken together would normally be cause for concern. These figures are however a little over 12 months old and may explain the disparities with current share values.
By its nature however ARB is intrinsically linked to BTC, and some serious financial minds, Citibank, JP Morgan to name only two are predicting that BTC coul reach $146000 to $300000 in 2021.
If these financial analysts are correct that could mean a 140% to 300% increase in the ARB SP.
I am therefor confident in the future of ARB, but my questions remain over the fundamentals.
I appologise if my take on this is naieve and appreciate any insights you may share.

Just block the posts, its way easier than wading through drivel

Zenwho, I just see a lot of green on the post.

Trouble is they come back under another name. Not hard to spot them again though.
I really don't understand why they do it, just a little sad I guess.
Some say they are ramping etc., but I cannot believe a few silly comments on this chat site will have any effect on the SP whatsoever.
I think they are just rather childish and prpbably have little else in their lives.

Yeah ok.

I think BTC has just about bottomed out so made 2 last buys, on in the ISA and 1 in the BED.
My average accross both accounts stands at 77.4p, which is I believewhat those funding the new machines for Argo got.
I figure anything below 80p is good.
This may well go lower but trying to time the bottom is all but impossible, so I put myself where I believe there is value to be had.
I bought some at 89.58p (that hurts)
Then more at 87p (not much better)
Again at 81.69p
The last 2 today being at 68.9p and 67p
Hoping for a better Feb.

86.73p for me. Feeling uncomfortable.

Can people please stop posting absolute tosh. It serves no purpose and frankly makes you look like a dick irrespective of how smart you might actually be.
'Its going to rocket' and 'Its going to tank to 30p' are IMHO two sides of the same coin.
I think BTC will continue to grow both in its general acceptance and in value.
However Argo is unlikly to see the huge gainsin SP over such a short timeframe as we have seen recently. I believe it will pick up and have some relativly sharp gaing compared to conventional stocks. If you are looking to double your money in a month I think it unlikly, although I conceed nothing is impossible in the markets.
If all things remain equal and the BTC picks up momentum again I can see this back over 100p in the next few months, but those stating 200p plus are I think being a little optimistic, but as a holder I hope I proved to be just another dick.

I'd like to have betters news, however BTC is sub $33k, and the drop in Argo SP has rattled share holders, me included.
A bit of short term positive news wouldn't go amiss at the moment.
I'm still holding.

I was thinking about averaging down today (currently at 86.73p), but until sentiment improves I'm staying away.
I think BTC short term trend is having a big impact on sentiment, and suspect ther are a lot of people who bought on the recent upswing paying north of 100p.
On the plus side the BTC price looks better than yesterday as its up and down rather than mostly down.
Personally I'm holding at a paper loss in the hope that things improve.
But I can't say I'm not uncomfortable.

Yes indeed. Looks like BTC will fall below $34k if things continue in the same vein this morning.
I am thinking about adding some more shares, but will hold off for now.
Its shaping up to be another awkward day, but things can change quickly for the better, so I'm holding what I have and sitting tight. I'm about 8% down at the moment on paper.

Wombat
Regarding IHT, I suggest you do a little more research. IHT isn't as simple as that.

How wrong could I have been.
My post above at 05.54 sees me full of confidence predicting a drop, maybe even as low as 90p.
Chuffed when I picked up a 'bargain' on the opening bell.
Every day is a school day, perhaps next time I won't be so quick to share my wisdom, but then again...........
Good luck and best wishes to all holding shares.

battleja
Thanks for your comments, all good advice is welcome.
Most of my portfolio is in mainstream stocks.

Well I made 3 buys today in batches around the £5K mark.
Chased the price down. Im ashamed to say the last buy was an act of desperation rather than calculation.
Average SP (including taxs/charges) is now 86.73p.
I think that should be ok, but must admit today was shakey for me, had one more £5k bullet in the chamber and I was empty.
I sympathise with those who were stressed out today.