Reply With QuoteAnd yes I did. Got 305 per share which was below the 320 open price but still a nice uplift on what I paid.Originally Posted by NikGixer750
So crazy these moves, I wonder when that music will stop.
Proves my point from a few days ago that most of the moves happen overnight. I wonder if a process where you buy at the close and sell at the open isn't considerably less risky than the other way around? Or maybe just hodl until something breaks and then GTFO?
And yes I did. Got 305 per share which was below the 320 open price but still a nice uplift on what I paid.
Nice work, you made some huge % over 2 days doing that! are you doing it again today?
What a ride in TIGR yesterday. Hit new high of $38.62 before open, then dropped to $32.37 intraday in order to recover to >$35 after hours. I am still holding, have a take-profit for one third of my position at $39.90.
INO also traded in a 15% range, closing on the highs and PRTA leaped towards $26 after hours.
Some moves, ehh?
So I'm out for just now, if the stock goes below 275 I'll dip back in but I feel BTC may just bumble along and also a load of people will profit take so I'll see as I know whilst the last 2 days were great it is all sheer luck and eventually that will run out and ARB is the kind of stock that when you lose you lose big and I don't want to wipe out all the gains.
Two months ago today (Dec 18th) Argo was 0.15p, Oh how I wish I had a punt on 3000 shares!
Not quite. It was 15p (= £0.15), which is still a performance of >2,000% in two months.
Not justified by anything but fear of missing out. But we all know that.
Not at same level but from my history I bought £10k worth last month at 72.6p and sold them as I got nervous for 76p. Damn.
That's what I meant 15p, thing is though I would have probably checked out way before the last 3 days madness had I taken the punt..
Someone is going to work out what you would have made had you kept that deal!
Its about having the balls (or stupidity) to keep an investment like that for a big run, we could be here in 12 months wishing we bought ARB at 300p..
Would have made around £35k profit if I'd sold today. C'est la vie. Need big balls to hold on to this type of stock!
Yes, things are still moving, thanks again for the tips! I was happy with 35 as I was up 40%. I am in INO but not PRTA. I am only playing with small amounts not like you guys so the gains are nice but not life-changing
About the same probability as that people will be wishing in 12 months that they bought GameStop at $300.
Someone who lies about the little things will lie about the big things too.
Great to hear.
If you did well, I would appreciate a small donation to the forum fundraiser.
Someone who lies about the little things will lie about the big things too.
I’d be £60,000 up if I’d held. But that was never going to happen. I sh4t my pants after 3 days of holding and sold for a poxy £1400 gain.
ETA - And for context - the following week the price had almost halved down to $67, so I was pretty pleased. Not so much now. LOL.
Last edited by mr noble; 18th February 2021 at 09:59.
Sold 50% of ARB on opening for a nice little profit, will let the rest ride along for now
Fidelity China SS still performing really well.
ARB is still a hold for me, but understand traders take profits and worry BTC drop back a lot. But it really is one of the only pure play bitcoin stocks on the LSE.
I got in around 17p but sold too soon!
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Last edited by KingKitega; 18th February 2021 at 10:46.
Another strange candle wick happened at 08.15 this morning. Price seemingly dropped from 300 to 95 and back, in an instant. I’ve seen it happen a few times on various candle charts recently.
What’s all that about?
https://uk.investing.com/equities/argo-blockchain-chart
Wow that's some cojones you got there!I’d be £60,000 up if I’d held. But that was never going to happen. I sh4t my pants after 3 days of holding and sold for a poxy £1400 gain.
ETA - And for context - the following week the price had almost halved down to $67, so I was pretty pleased. Not so much now. LOL.
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It's just a data error. You can see that it isn't taken into consideration for the daily low (300.17).
All trades need to be reported to the stockexchange, this may be a trade that was stuck somehwere or hadn't settled yet for some reason or just a misreported trade. Usually, the chart algos filter these out (Yahoo Finance doesn't show it) and I am sure it will be gone from the investing.com chart as well in a short while.
Ahh ok, thanks. That explains it.
Thought it was some bigger power filling their boots!
Yep! I remember discussing our positions on ARGO with Greg going into the weekend a month or so back thinking 'strap yourselves in boys, this is going to be squeaky bum time'! :)
DMYI popping today, based on the fact that the team behind it has filed paperwork for the next SPAC which triggers expectations of imminent deal announcement for this one.
Bought more Argo at 280.
Did you sell your CLA?
I wish THCA would find a nice merger partner.
I went quite heavily into that one.
Should probably have split the bet across a few SPACs rather than betting it all on one.
I am owning a quite hefty position in CLA warrants (CLA-WT). Not going anywhere.
Yes it's slowly drifting, but don't worry too much.
I was sitting on PIC shares before they announced the deal to eventually become XL Fleet (XL). They even briefly dipped below $10 during October/November after I bought at $11.30 in September.
Look up what became of it: https://finance.yahoo.com/quote/XL
What has spooked the FTSE today?
US jobs?
Still up on the week
They seem to lurch from covid positivity to economic outlook uncertainty, and back again.
I'm not sure if anymore covid good news can be dialled in now, they are expecting lockdown to end from March 8th and vaccines seem to be handling the variants, so what's being dialled in now is economics.
I took some profits this week and bought Tony's MX5. I think it will be a tough year
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sold a third of my PRTA at $26.85 Up $10 since I bought on Friday. not bad.
Think I sold too much of CCIV too soon.
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Got more Argo at 265p. Too much to be comfortable (stupid me) and will leave overnight but if that does the same overnight as last night I'll be super happy. SMT has been crap today.
What a week.
My portfolio on HL (SIPP, ISA, Savings) is a big chunk down since Monday.
And it’s 80% in relatively safe places.
SMT, SSLN and SGLN have all taken a beating.
In no small part due to the GBP/USD picking up.
The annoying thing is that gold/silver is supposed to be a hedge against falling equities. Nope.
It’s painful but the only thing to do is ride it out. I’ve never managed to make selling out and buying back in work, so I think it’s safer to sit tight and dream of sun-lit uplands.
Last edited by mr noble; 18th February 2021 at 18:51.
Market took a hit, but Travis Perkins and Kingfisher up, they know, they know ....
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I have 23% of my SIPP in Argo overnight. Squeaky bum time. Can't believe I piled in.
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Day trading your pension on a crypto punt seems utterly mental to me ... I hope you earn plenty in case it goes wrong.
Pensions should be slow & steady.
I was unable to trade out in time before close and yes it is mental and not intended.
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Yes it is and I won't do it again!
Lesson learnt...
Cheers,
Adam.
Our punts seem to be down a few dollars here, a few cents there, but Amazons up so overall not much change, phew.
ARBKF is trading around £3.09 equivalent atm on the US markets.. Still plenty of demand it seems.
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Currently around £2.89. I bought in an average of a bit below that (around 8% less) so fingers crossed.
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I know there are no rules or norms anymore but, reading above, some of you lot are trading and thinking about funds like you would single shares?
Blimey. Hope it works out for you.
It could be 23% of sod all?
Some context please.
It is enough to be checking the BTC price regularly
Last edited by ryanb741; 18th February 2021 at 23:29.
At that speed of posting you will be able to access the Bear Pit in no time and then you can read all the stuff which is being written about you in the Dual ID thread.
Fair play. I genuinely hope it works out. If it does then quit while you’re ahead, IMO.
Putting that amount of your SIPP into a trade like that isn't trading or investing it's straight up gambling. Even if it goes well for you it will just be winnings from roulette.
Exit that position as fast as you can and cut that stuff out. It can't be good for your day to day mental health let alone you and your family's future.
Ok no BTC capitulation overnight. Just need things not to go t*ts up for the next 51 minutes and I can exit with my shirt still on at market opening :) Any price above 270-ish on ARGO and I am up overall including fees etc.
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