RE: Entry ARB (ARGO Blockchain)
(2021-01-29, 11:56 AM)isatrader Wrote: Went long ARB (ARGO Blockchain) this morning in the SIPP at 79.55 following last nights bitcoin miner dominated watchlist. ARB is the only bitcoin miner listed on the LSE, but had superior RS and volume to a lot of the others, and already popped to over 90 this morning as bitcoin started to breakout from the pullback to the 50 day MA. So a promising start on this one, which is a medium to long term hold for me hopefully.
https://twitter.com/stageanalysis/status...33249?s=20
This one turning into a monster stock for me. Hopefully I can ride it for a long while to come as the bitcoin Stage 2 advance matures. The dual listing $ARBKF popped a further 40% after the UK close on Friday. So is up well over 100% in just a few weeks. So need to consider how to handle it as I had a 25% position size when I opened it. So may be up to 35-40% size now depending on how it opens tomorrow. So need to decide whether I'm going to trim some or trail a tighter stop to take partial profits on any weakness, or accept the volatility and let the whole thing ride. Is one of those nice problems to have.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.