Member Info for Phoebus

Disagree on the 10-20% tomorrow Raymcc. The drop generally happens ahead quite a bit ahead of expiry and by the time it occurs it's usually a bit late to get back in. BTC could even be back to $58K by Monday. Getting fancy is a dangerous game. Be right and sit tight. Stock to flow peak some time in Q3/Q4.

NFTs were basically unknown to their wider public just one month ago and interest has only just begun to explode. Given this is the only UK listed way to gain exposure, I'm very surprised at the depth of the retrace at such an early stage. Guess it's just a function of the rapid rise in SP. This is turning into an amazing buying opportunity and I would expect the shares to re-rate again very rapidly once it turns. I will be looking to add in size.

Very strong quarter end re-balancing is underway. US treasury yields have soared recently as prices dropped and money is reducing equity exposure to buy Treasuries at quarter end. This will be over soon enough.

The way 88E moved was a bit odd and not for the first time. It's been on my shortlist since the Jurassic. Long term dead in a ditch to opportunity gone in the time it takes to have a cup of coffee. If you were lucky enough to get in low then well done, but at £219M market cap this morning the drill looks more than fully priced in. Harrier drilling is not guaranteed and Merlin is only P50 135MMB net to 88E (interest halves post drilling), so you are already paying $2.22/BOE unrisked, $6.00 risked, which looks extremely overpriced. In the last two or three years most oil drills have failed to get anywhere near those sorts of valuations pre target depth, 88E included and 88E's record has been poor. I am expecting another big placing there soon, but best of luck and thank the gift horse.

My understanding is that BTC is down because of shorting ahead of options expiry which is at 4pm GMT tomorrow. We had the same phenomenon in Jan and Feb. I think shorts are now closing and expect BTC to rise ahead of expiry before pushing much higher once it has passed.

Although we had break above the BTC $58.4K peak to $61.8K it was very brief and indeed was over before equity markets opened and mining stocks had chance to react. In my view BTC is still in a large consolidation pattern from the $58.4K peak and it's only once this breaks convincingly that the miners will storm higher in a new leg. My guess is some time in the next one to two weeks.

The BTC move from $43K to $61.8K seemed a bit too linear and this extra consolidation is welcome as it will create a much stronger base for BTC to power higher in the next leg. Stock to flow still has a date with $100K+ some time in Q3/Q4 this year. At those prices the entire mining complex should be much higher.

500x. Yikes. We took 222.2M Tidal tokens in a seed funding round back in December. Goodness knows how massive the premum will be on IPO. Another massive win for KR1. :D

https://investegate.co.uk/kr1-plc--kr1-/prn/investment--tidal-finance/20201223135601P65ED/

If you want in, now's your chance. Don't blink.

I wonder which corporates will announce they have bought BTC on this dip? Hmm...

IMO dip is likely over or nearly over as is the low for the current period of consolidation. Volume was huge. Remember that BTC futures expire in less than 35 hours and previous cycle lows have tended to be close to futures expiry. Whales shorting and selling BTC as expiry approaches and then buying back on the dip. With quality consolidation like this after the rapid rise from $43K to $62K, BTC will have put in a really good base ready for the next leg. Next will be new ATHs, probably within a couple of weeks.

ARB's extra rise is likely partly due to the fact that is was chronically undervalued to begin.

Perhaps the though of Pluto listing on the LSE will spark the KR1 board into action. Would be good to get there first. Chop chop BOD.

Two board appointments in 8 days including a chairman. Ticking the regulatory requirements for an LSE listing perhaps. Hope so chaps.

Herdie, your comment bring happy memories of yesterday's Crypto Zombie intro. Pure class. The look on P's face is priceless.

https://www.youtube.com/watch?v=XwFbAbHkJZc

Because rather than just dump them in the market causing the price to drop they are being placed to other investors at 30p. This is the professional way to do it and the polar opposite of sleight of hand. Very respectable.

How many shares did you sell BP?

I'm impressed. That's how to deal with an issue like this. Very professional.

A leader with a serious background in computing focusing on Bitcoin mining powered by green energy. Very appealing. Bitcoin looking perky this morning too.

https://www.londonstockexchange.com/news-article/PIRI/update-on-investment-in-the-digital-assets-sector/14908521?showDisclaimer=false

Look at the excellent return Pluto is getting on its crypto investments. OXY is up 30 fold already! They have made 9 new investments. Pluto is going to be massive and this will be huge for PIRI and RGO.

Can easily sell 100K shares above bid, which is a lot more than usual. Good demand at these levels.

Close to the bid. Nice one.