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Yes sentiment certainly shifting now to the better miners, you could see it unfolding as the market opened. A weekend where bitcoin price will have spooked some and you could see MSTR suddenly looked like it had run too far too soon whilst MARA and CLSK far less affected and seemingly undervalued. Then the expected slight turn in BTC and the miners leave MSTR for dust.
I've kept a token position in MSTR and am now heavily weighted towards the miners for the short term at least.
Exciting times.
GLA
As discussed many times, Argo is a poor investment whatever happens.
As for mstr and the US miners and the overnight btc dip: the question is, do you believe the bull run is over?
If you do you should sell everything today. If you don't, all is well.
GLA
I think and hope MSTR still has a way to go yet and bought a token extra share just after opening as it had dropped.
Smaller miners could well be the ones to rotate into to begin with as mentioned. Mara at sub-18 with BTC on $72k - barely believable.
Yeah don't get me wrong, I'm still heavily weighted towards Microstrategy, to the point where I feel I ought to spread money around. But each time I try the miners as diversification they get outperformed by MS so I end up fully back in!
Nice to see a little bit of strength in them today though and will keep an eye for when to really begin to shift over. Post-halving as good a strategy as any but we all know to expect the unexpected - just look at the anticipation of Mara's results for an example of things doing the opposite of what most (including me) were anticipating. Maybe they'll have a run earlier, they certainly seem undervalued atm.
Good luck whatever your strategy.
Microstrategy bounced back a bit in post market whereas miners barely moved. Could be Biden proposing miner taxation in the news again. Who knows.
https://www.google.com/amp/s/www.coindesk.com/policy/2024/03/11/us-president-again-proposes-crypto-mining-tax-wash-sale-rule-for-digital-assets-in-new-budget/amp/
I know I got a bit spooked in the last hour, sold 90% of my MS and started new positions in clsk, mara and wulf once more. Hoping for some strength from them for all of us. GL.
I've been in and out of HE1 for over three years, I took a hit in 2021 when I cashed out at a loss, had small wins and losses since and finally got in decent profit on the recent rise by buying on the morning the RNS dropped. I then averaged up to make a large holding and took a decent hit to my profits on Thursday at 08:02.
I sold out in stages on Thursday and now hold zero shares. Thankfully the crypto bull run meant I actually managed to recoup my losses and more within 24 hours, though things could flip back, of course.
People often ask why those who've sold stay on boards, well for me this post is in the hope of saving other people from losing their money. I know how that feels and it isn't great. Whenever I've previously had a bad news RNS land when holding HE1 shares I've been unsure what to do. This time I was certain.
The thing my experience in this share has taught me: selling out immediately at bad news would have always benefitted me. Waiting until good news lands before immediately buying would have always benefitted me. And that's it. The safest thing to do now is sell. The share price is likely to drift. Your money can do better elsewhere. Keep an eye on it, wait for the truly good news and then pounce. That's honestly how I read it.
I do wish you all well, it can put you through the ringer owning HE1, so genuinely good luck to all whatever your strategy and if it opens at 3p on Monday I'll be happy for all who held.
Yep it's certainly interesting again.
I got greedy and got caught out last time when I should have taken decent profits and refused to believe Argo could drop so low. Chaebol you were a thorn in my side back then, calling for 50p as it headed down towards £1. Thankfully I got out well before that but lesson learned I hope. And, whatever I was feeling, you were right. And fwiw I reckon you're right again.
I've been rotating miners with fair success over the last couple of months and will be fully laden before long weighted heavily towards mara and ready to bail before greed gets the better of me. Hopefully.
Argo will not feature in my portfolio this time around though, that's for sure.
Good luck all, regardless of strategy.