Because they own a lot of bitcoin! Seems to drop and rise with bitcoin, but it’s actually only something like 1% of their value, so it shouldn’t be linked as much as it seems to be. I guess that was why I felt it’s a good buying opportunity now, as this drop isn’t justified to this degree? Might well go even lower but I’ve had a nibble today.
Block/square has tanked, hence this has, but is a lot of that related to bitcoin tanking? Crypto seems to be only a small part of their business, with main business still doing ok? No sign of the bottom yet but surely it’s close.. a lot of negative sentiment for tsl but this now looks very cheap
I can’t see profits coming through from these takeovers for probably at least a year. RNS even alludes to this, so a fair chance this drifts back to 33-35 support zone again in coming weeks. Great longer term potential here though if you can time your entry! GLA
Thanks for link lampedusa, reassuring read. Although competition increasing, seems to be plenty of space left for growth and hopefully this is overselling on fear. I’m not brave enough to buy more but will continue to hold. Good luck all
We’ve been stuck in 160-180 range for a while now. Update due September. Mixed feelings about how good it’s likely to be, but this share has huge upside potential and at current price, with their cash reserves and only 11 million shares I still think risk is well worth taking at these levels. Likely to drift for a while yet though.