Ninjastic
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Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
Vigil
on 29/08/2013, 00:21:44 UTC
Quote from: dexX7 on August 29, 2013, 12:14:32 AM
Quote from: Vigil on August 29, 2013, 12:03:15 AM
All anyone was expecting was a confirmation of chips arriving. That is it. Go look through the threads in the days and weeks leading up... Everything everyone was expecting in the announcement came (aside from some pictures - which was an afterthought). The news came and all the fusters come out and say it wasn't good enough.

While the news of upcoming news a few days before triggered the price to rise, the actual news weren't news at all, but only a confirmation of what was already expected. On the other hand, the lack of expected news has a potential to have a negative impact. Hope that makes sense. Wink


Edit:

Quote from: redbeans2012 on August 29, 2013, 12:04:55 AM
I just find it odd that the news appears right after a sharp share price drop.  

The news from "labcoin" appeared when the price was already at .0027xx again.
No, it doesn't. The entire point was to confirm that things were going according to plan not to offer entirely new information. If that is the case then the price should have remained stable at least. We didn't need to hear something positive we didn't expect in order to maintain the price. What you are saying is nonsense.

What has happened is that the Labcoin shares are now so centralized that a few people can manipulate the entire stock price at will.

Quote
You're right about TheSwede that initiated the sell-off thing, that's "Step 2". Yup I changed my tune, I'm sure you know why  Cool
You changed your tune because you are trying to rationalize the reason for why the price is lower after affirming that Labcoin is on track. You are sitting here questioning "well maybe this wasn't really a confirmation afterall", etc. Total nonsense, it was all we were expecting. The only legitimate reason for the anomaly in price is manipulation.