have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable.
This is it guys.
When BTC dropped to 68, AM acted as hedge and went all the way up to +5.
We are now recovering on the BTC/USD side and AM is correcting back down.
Ehh, I still question the correlation to USD/BTC. You are buying a share in btc, to earn a profit in btc... div is paid in btc. Only fiat comes in with fixed costs like power, making the chips, that stuff, which is a fraction of what we take in. Unless someone can chart it for me and show me a good correlation, I do NOT think fiat prices have a huge effect on AM prices. I do not even consider fiat in any way when thinking if AM is a good buy or if I should be selling. I might if operating costs were ever a larger portion of our take.