RE: Live SP8 Jan 2021 17:10
BeardedDragon, what on Earth are you on about? Firstly why are you mentioning TRD along side ARB? As far as I can see it is not a crypto stock. A small part of its business appears to be related to early stage tech projects that are looking at using blockchain ideas for data management. Big deal. Very poor choice of stock for a crypto currency rally. Also, exactly which other crypto stocks are down today? The other two that I own are both UP as are MODE and VELA. ARB is up 14% in the US and the other US miners are doing really well. Surely you're not referring to Online Bog Chain which has indeed sold off today. As far as I can see that has nowt to do with proper crypto. Quite possibly some of today's seller were late buyers into OBC who thought it was a good crypto play because of the similarity in name to ARB and who are now panicking out of ARB as OBC tanks. Completely irrelevant.
Rather than jumping on any stock with the words Bitcoin, crypto and blockchain in their RNS, it's important to distinguish between crypto stocks and blockchain tech stocks and then between those that are just doing some token project to make their RNS statements look cool and get investors to buy their stock thinking they get crypto currency exposure when they're not, and those with proper operations focused on generating large scale crypto revenues which are actually excellent geared plays on the crypto price. From what I can see, of those ARB is by far the best of the LSE listed bunch.