Quote from: Rival on July 01, 2013, 04:07:00 PM

Quote from: Smidge on July 01, 2013, 02:58:59 PM

Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.

I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases.
This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis:

Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.

The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one.

You may be on to something here... this is exactly what I am doing. I NEVER used to cash out my btc, but with divs being so large I have cashed out >40btc in the last... month or so. Unlike someone who invested in mining hardware and has a long time before they break even, I broke even... well before I started with my AM investment. So I had no qualms about taking in some of my gains to pay off bills, where as people who USED to be getting this btc probably saved it up.