Member Info for Rktech

Tesla is 1686 right now. Ridiculous.
Their Mcap is greater than all other car manufacturers combined.
So P/E of 20 is really quite a modest ask here for a company with this potential.

Going for another crack at 37k.....going....going...........it's there.
Just hold above that level please.

Why do folks start threads like that in the first place ??
Share buybacks are for old dinosaur companies with a cash pile they don't know what else to do with.
PW is going to expand mining capacity as much and as fast as he can and that's obvious.
The consolidation thing wouldn't work either for NASDAQ if there's a minimum requirement on Mcap.
We'll be over 2 bucks before the end of the month anyway.
Right ........moving on........

Buying back shares the company uses it's cash/profits to buy back and cancel it's own shares transferring more value to shareholders by reducing the shares in issue.
It's regarded as a negative and inward looking policy and I would rather see PW going for an expansion of mining capacity which we are already seeing and I would think there's more to come and I fully expect it to be over 3 Exahash by the end of the year.
If BTC continues on a bull run the SP will get over $2 for sure and that's despite the fact we're undervalued right now.

Every time it's dropped below 35k someone with deep pockets buys in volume.
Looking good.

It was good to see hedge funds getting roasted .......couldn't have happened to a nicer bunch.
At the same time, would it not be sticking two fingers up to the establishment by buying BTC and the mining stocks.
Sort of........You can stuff your FIAT money where the sun don't shine.
Just a thought.

Back up over 31k now.
Every time it drops below 30k it gets bought in to with volume.
Another attempt at 35k would be decisive but I'm really not bothered as there's strong support around this level.
These folks allegedly panic selling ........are they for real or just trying to spook weak holders ?
People should know what they're invested in here and take all the daily volatility as to be expected.
BTC is only going one way over time and the historical data bears this out.
We're profitable above 9k , we have a CEO who is transparent and a great communicator.
A policy of mining expansion and HODL with an entry into the Exahash league in a few weeks time.
What's not to like ??

1000 petahash = 1 Exahash. Argo will be at 1.7 Ehash by end of Q2 with probably more machines on order to Q4 from what I could gain from reading between the lines in the presentation.
When the price of BTC is at these levels it makes sense to mine as fast and as much as you can with the highest efficiency latest generation machines.

You tube
PW is the LAST 40 minutes
https://www.youtube.com/watch?v=NVpVcsRxO6o

It's bounced off 31k three times now so good support there so far.
Old support is flipping with resistance so 35k is next resistance.

Good post rookie.
In the next month we'll be in the Exa hash league.......that's 10 to the power 18 or a million trillion if you prefer.
I also would take a wild guess that whatever PW has to say after the new equity is released to trading tomorrow will be price sensitive.
We're in a bull market so mine as much as you can and to use an analogy we may even be in a JV to sell the shovels to mine with.
Let's just see.

PM's are highly leveraged paper trades which allow the likes of JP Morgan to manipulate the price.
When people start demanding delivery of the physical product, especially when the industrial demand for Silver goes through the roof it will be a different story.

Bouncing between resistance and support levels and converging. Classic pattern and means that a breakout either way is imminent.
To the upside if there's a break through 42k and a new ATH then clear blue through to 50k+
Downside I think good support at 27 - 25k . No disaster and a safe consolidation area.
This is not worthless FIAT money, it's rare and finite. It's rise is inevitable given the factors currently in play.

Download and install this:

https://adblockplus.org

Good to see you here MEM
PM's and BTC are on a roll and a perfect storm is on it's way with FIAT money having it's last desperate attempts at survival
Max Kaiser reckons the ECB will be the first to fall over but in any event things could be looking like Germany in the 1930's or Zimbabwe this morning for FIAT currencies.......including the so called reserve currency dollar.

Exactly:
Arbitrage trading is exploiting price differences between the same stocks or commodities listed on different markets.
Their eye for a profit in price differential acts like negative feedback on that difference.

NASDAQ listing would give access to the robinhood lot who were buying Hertz last year and spiked it to ridiculous levels when it had already gone bust.

Arbitrage traders will ensure the two exchange prices are kept in sync.

Definite wedge formed on the chart. Even on a 5 minute scale.
Looking for a break above $36K
Downside support at 30k

There are people buying bitcoin who have no clue what it is about yet alone how blockchain works.
Ice cubes in the sun is my view and a major correction with many being badly burned.
Fear, Hope and Greed are what is driving this and it just unsustainable.
PM's will have their day in the sun and soon I think.