Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
Vycid
on 05/08/2013, 20:23:06 UTC
As far as I am concerned, this is the vindication of my bearish sentiment on AM. If this story gets confirmed - and I rate the odds of that at far higher than zero, since this is published in the Wall Street Journal - AM stock is set to absolutely crater. The insane notion that AM will continue to return ~25% APR indefinitely is getting a reality check.

Since the story turned out to be bogus, does this mean that AM stock is going to skyrocket?

Well, it will certainly recover whatever loss it suffered on the basis of concern that article might have been real (which seems to have been marginal). "Skyrocket" isn't appropriate, since it didn't crash in the first place.