Re: Why is the BitFunder SDice pass through trading so cheaply?
Concerning the total volume on BitFunder and btct: the passthrough has been trading on bitfunder a couple weeks longer on BitFunder, so naturally it would have a higher total volume.
1) is there any asset which cannot be shut down at the first call of a three letter agency?
2) What would you expect the PE to be for a stock of this type? 7+ seems reasonable to me.
3) SatoshiDice has been going for several months and making large amounts of money, where are all the copycats if it is so easy?
4) or maybe there are just many people that enjoy gambling, and this allows them to do that? Does anybody ever accuse the Lottery of playing their own game to increase the numbers?
Increasing the profits of the company resulted in an increase of the share price. That is not unnatural pumping of the share price, that is just how stocks work. The fact is SatoshiDice makes a steady income, and people are willing to invest to get a piece of that.
Too cheap? What if it's absurdly overpriced?
1) Can it be overpriced because this guy in a funny hat and a mask can close it down with a flip of switch when he gets his first phone call from a 3 letter agency and is asked to close down his illegal gambling site?
2) Can it be overpriced because it trades at 7+ PE? (over 7 times the annual earnings per share) and has no valuable assets (actually I have not seen the balance sheet. Have you?)
3) has no unique business model, that can not be copied with few programmers and mediocre web designer? (Why have I not copied this low-life business and launched my own gambling site? I consider gambling as a really disgusting business and I honestly do not give a flying fuck if you disagree.
4) or is it because sdice can spin coin from IPO on sdice to make it look way better than it actually is? (This is a small price to pay if it helps to sell out it's final 6+ mil shares but becomes unnecessary when the IPO is sold out) <- pure speculation, do not get hysterical!
1) Can it be overpriced because this guy in a funny hat and a mask can close it down with a flip of switch when he gets his first phone call from a 3 letter agency and is asked to close down his illegal gambling site?
2) Can it be overpriced because it trades at 7+ PE? (over 7 times the annual earnings per share) and has no valuable assets (actually I have not seen the balance sheet. Have you?)
3) has no unique business model, that can not be copied with few programmers and mediocre web designer? (Why have I not copied this low-life business and launched my own gambling site? I consider gambling as a really disgusting business and I honestly do not give a flying fuck if you disagree.
4) or is it because sdice can spin coin from IPO on sdice to make it look way better than it actually is? (This is a small price to pay if it helps to sell out it's final 6+ mil shares but becomes unnecessary when the IPO is sold out) <- pure speculation, do not get hysterical!
1) is there any asset which cannot be shut down at the first call of a three letter agency?
2) What would you expect the PE to be for a stock of this type? 7+ seems reasonable to me.
3) SatoshiDice has been going for several months and making large amounts of money, where are all the copycats if it is so easy?
4) or maybe there are just many people that enjoy gambling, and this allows them to do that? Does anybody ever accuse the Lottery of playing their own game to increase the numbers?
lol, agreed on all of the above.
apparently its becoming quite common for asset issuers to use varying methods to pump their share prices far far beyond reasonable earnings. its all fine for now. until the day that something clicks somewhere, and the price drops like a rock leaving a lot of people with near worthless crap. well.. except the issuers hehe they make out like a bandit in the meantime. but thats okay, everyone accepts it, and just hopes they are not the ones left holding the bag at the end.
apparently its becoming quite common for asset issuers to use varying methods to pump their share prices far far beyond reasonable earnings. its all fine for now. until the day that something clicks somewhere, and the price drops like a rock leaving a lot of people with near worthless crap. well.. except the issuers hehe they make out like a bandit in the meantime. but thats okay, everyone accepts it, and just hopes they are not the ones left holding the bag at the end.
Increasing the profits of the company resulted in an increase of the share price. That is not unnatural pumping of the share price, that is just how stocks work. The fact is SatoshiDice makes a steady income, and people are willing to invest to get a piece of that.