Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
eb3full
on 22/08/2013, 04:24:58 UTC
Hi, I'm the whale.

No, I'm not a board member and I haven't been since April.

I was kind of concerned about having board membership earlier this year because if I did want to liquidate I didn't want to have some sort of insider trading bullshit pinned on me. Also I panic sold enough shares to lose board membership and regretted it later on.

Why was I liquidating?

  • I wanted to prepare my bitcoins for the massive BTCUSD bubble which is coming pretty soon and started getting anxious when ASICMINER shares were slowly dropping
  • Dividend sucked and I expected gigantic panic sells so I threw all my shares out there.

Why did I stop liquidating (for now)?

  • Someone who I think has a pretty informed position in ASICMINER bought a lot of shares from me and so, screw it, if I'm going to lose 25% in a day I might as well stick it out with this guy
  • Then I started getting a ton of PMs for buying shares at market price and realized I might want to wait before I sell too many more, as I was selling some shares way too low.
  • All my offers were being filled by big players, which is usually when you know you're making shitty trades.
  • friedcat has more things to announce, it's not like they planned ~6 months worth of stuff for nothing.

I'm not done selling obviously but I'm definitely done panicking.