Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
Labcoin will not break .002849 unless hash rate increases. 800 GH already propelled labcoin from .0016-->.0025-.0028, positive speculation has already been factored into the market.
It hasn't, though.
The news hasn't even fully disseminated yet. It came out on a Saturday night when many weren't paying attention and Europe was asleep.
So there's much more speculation on this news alone to come.
You must be one of the people who made the mistake of selling in front of that wall.
Doesn't matter, the price has already been factored in
edit: And yes I did sell a few satoshis in front of the wall because if things go as I expect, then I profit. If things continue to go well for labcoin, then I just buy back into the wall for a loss of transaction fees only. Risk/reward clearly favored selling for a few satoshis in front of wall