Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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yea a couple of them are a bit risky but not many of them operate at a loss.
Nel kinda maybe good, I asked peoples thoughts on it but no one answered.
this is millions in Norwegian money but the growth looks pretty decent year on year?
They operate at a fairly big loss though
https://nelhydrogen.com/wp-content/uploads/2020/11/Q3-2020-Presentation.pdf
up so much since I bought that it's probably on a weekly peak though
think I will grab some more if it dips enough that I'm not averaging up a huge amount
if you do DD and like what you see, probably best to wait for a dip
Well they closed at about £1.25. Reading into it they seem to have a higher hash rate than a lot of competitors (RIOT, MARA) and have a much smaller market cap.
Do any of the bitcoin miners actually make a profit and it's better to just buy the coins anyway.
keep that in mind, mostly it will be just people buying them on the crypto hype or because they see them as under valued like argo clearly was.
I'm not convinced people are in mining shares for the long hold if they know much about mining
keep that in mind, mostly it will be just people buying them on the crypto hype or because they see them as under valued like argo clearly was.
I'm not convinced people are in mining shares for the long hold if they know much about mining
It look like Argo mine and hold the bitcoins. They used to lease the gear but appear to change to mining it directly. They are mining at 60% margin, are in the queue for the new mining rigs (which are all sold out for a long time) which are coming in Feb, they mined 96 BTC in December 2020 and hold over 200. They mined 2400 during the course of the whole year.
However, they will be strongly linked to the price of Bitcoin. If it drops so will ARB. So I guess investing in them depends on your crypto outlook.
It's very annoying how trading212 only do two transactions a day to allow you to buy Argo shares.
I bought it a modest £500 at 100p this morning. Wish I'd done more now but wasn't sure if it's excellent growth would crumble or not...
I bought it a modest £500 at 100p this morning. Wish I'd done more now but wasn't sure if it's excellent growth would crumble or not...
Considering it has been higher at every market open for the last week bar today when it was down I reckon it has run out of steam for now. Been following it closely but haven’t invested, looks very high risk to me. If I bought in I’d probably do a similar amount to you.
It is high risk and I guess this sort of investment just depends on people holding their nerve, which is very difficult to predict. People may have a figure in mind around the 100p mark where they get to and they decided to cash out?
I lost my nerve and sold. I didn't start doing this to lose money, I'd rather make a smaller amount of money than make a loss. I was encouraged by the rebound it made after opening but when that faltered...and continued to falter, then fell I wanted out.
However, it's not all doom and gloom, I did make a staggering £15 which will sort me out with dinner
I'm holding some Legal & General Battery Value-Chain ETF (BATG). Tracking broadly similar to INRG but exposure is a bit different, as name suggests, it focuses on battery tech and raw materials. Worth a look.
L&G Battery Value-Chain UCITS ETF - LGIM Fund Centre
INRG has been very good to me this last month mind, I just think it's a little overheated atm, I'm going to buy back in at some point.
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Soldato
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How on earth can Elon musk be the richest guy in the world right now. Really amazed at what surely is a huge bubble with tesla stocks
Is trading 212 still best for international trades?
I can't believe tesla . Its amazing. Even at close it all increasing basically every day!
People have been saying 'bubble' for ages. But quite possible it's not.
I has to crush all other manufacturers of cars to justify this price as well as succeed in the other ventures.
It's possible though
I can't believe tesla . Its amazing. Even at close it all increasing basically every day!
People have been saying 'bubble' for ages. But quite possible it's not.
I has to crush all other manufacturers of cars to justify this price as well as succeed in the other ventures.
It's possible though
Soldato
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I dont mind holding FTSE right now as I think commodities does ok on average and we have an index with that bias, though I'd hope NVDA adds back ARM Im not hopeful we get more diversity. FCX and AAL have been doing very well I noticed, I wish I'd been more confident of that.
Its not wrong to take profits, I said 2019 that it was a good idea to sell profits and reduce debt like mortgage or whatever improves security and certainty personally. The base line is incredibly easy money, if you want a weather vane then look at Dollar index which is DXY. If it keeps on losing value almost in a trend decline so then a sell off in any opposing value is quite unlikely.
Its impossible to tell people if they are correct to sell, depends where else you could put the capital but cash itself is a leaky bucket I dont want to hold too long.
Governments themselves cannot afford a 'normal' 5% rate on their debt so thats unlikely to happen without volatility peaking; the entire federal tax revenue is owed towards debt at a certain level or tipping point and I think that question is a driving point for dollar, security and all valuations. The big news recently was not riots but the final piece for Biden which is a majority in his favour in all houses, I would be fairly surprised if Dollar can recover with even larger fiscal deficits. The dollar standard will end like sterling ended its majority usage which makes us part of events for a generational change in the world.
I'd guess that helps Sterling break its downtrend in play since the brexit vote so 1.4 should be possible at least. BTC broke its downtrend in the autumn and thats been dramatic, unlike most commodities its supply cannot be increased in a natural way so it spikes violently every time it seems.
Have calls on those who can provide capital return on the cash standards of 120 years ago maybe ie. gold.
To do similar with dollar and hold bonds is not reasonable especially, its priced too highly (inverse to price is the interest rate and rates are too low etc.).
Gold should prove a more efficient counter to volatility then dollar imo and that is still unpopular opinion and reflected in valuations. If it is true that we have excessive volatility, inflation and endless easy money and this is a destructive element even while appearing to help stock gains and ease debt it is reasonable to hold gold or have a call on future gold production ie. miners. I'd guess the market comes around to that asset same as all the other alternatives that operate on their future revenue and efficiency be it BTC, TSLA, emerging market growth or various tech.
Yields have risen some this year, maybe it can approach 2019 low with the switch in administration, changes in trade tariffs perhaps IDK