It's going parabolic. AM's value didn't go up 40% in 2 days, so why should the share price be. This is a bubble.
Although I already posted this in the main thread, I'd like commentary on this post:
https://bitcointalk.org/index.php?topic=99497.msg2550665#msg2550665 (And please consider it a counter post to your bubble theory).
-helixone
I'll also add that AM really can't go parabolic like bitcoin. Because it's a real business, valuation will have some play in sales to slow it down. Bitcoins themselves are impossible to price. Is a bitcoin worth $1 or $1000? Either are valid answers, if you can get someone to pay that, as there is no pricing model or point of comparison.
I'll also add my high end in this model should not be considered a cap, as it was published before FC issued the statement committing him to 800-1000TH by year end.
That statement kinda makes the 1.5 divs in my estimates a surer thing, and more of a floor. (I was initially factoring that even if he didn't keep up percentages, they will in any case make up for it in HW sales.)
NOW, we have to adjust for that, and it's hard because competition could have an outsized impact her. I'm not ready to give a new price, but I no longer would consider above 5.75 overpriced, and am now considering it the actual value of AM, with any price below that undervalued.
-helixone
fyi/\ASICMINER is not real business it's a "virtual security" on a popular game\/website...thanks