Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Gen3 tapeout is the reason for the price increase. If they meet deadlines it will go even higher.
I really don't have a dog in this fight. I haven't owned Asicminer shares since 2.5 btc/share. However, as a guy with bitcoin to spend, I won't be buying at these prices.
The market is very thin and a single buyer can easily cause a run like we are seeing now. My statement was simply to warn the newer investors that these prices are unsustainable without better news and waiting might be the better play.
Noticed you'd been missing for a few months, the fact you sold you shares explains why
There's no reason for it to fall to 0.28 or anything like that in the next 7 days. Tapeout isn't even scheduled in the next 7 days so its not like they can miss a deadline....