Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
conv3rsion
on 05/09/2013, 20:14:54 UTC


Oh! I see. When you said "I think they are about to absolutely crush it" you meant "I think they need to halve in price before they will be worth buying."

I'm not a trader, I'm a value investor. The fact that a few weeks of reduced dividends (where the reason stated for the reduction was reinvestment) scared people into dumping their shares has NOTHING to do with the company's performance or long term prospects. Reduced dividends I might add that STILL are averaging 40% APR on the current price.

You're lucky that your put options were able to be executed during their window, after all the price did MORE THAN DOUBLE since the time you began selling them. Avalon failed amazingly to ship their chips, BFL failed so horribly that they had to start preorders for yet another product (without their merchant account), and no other company still to this day can sell me an asic miner that will ship this week. Its september BTW.

Yet, a bunch of soon to be defunct mining companies (many of which invested in those failed avalon chips and BFL orders) sprung up and people got antsy and put bets on them.

Round one is over. AM made a fuck load of money. I'm happy I own shares for round two.