and going down daily .............
because FC has announced Gen3 won't be out until (approximately) springtime, and there is nothing to prop up dividends until then. Since the AM share price is largely a function of last week's dividends, it makes sense that the share price will drop continually. Its actually dropped for 26 weeks now, in line with dividend reductions.
Isn't that irrational market behavior? You would think the share price reflects investors feelings about future dividends. The fact that the share price is so highly correlated to the week-to-week dividends is very puzzling to me.
I would describe it as "partly irrational but highly understandable".
All AM shareholders would love to believe Gen3 will be amazing, regain 10% of the network, AM won't be sabotaged or fall foul of some "regulations" in China, bitcoin won't collapse, FC won't run off with our money etc etc.
So there are lots of risk factors out there. That is why people don't look further than this week.
Just depends on your risk profile. If you love risky stuff, buy some AM shares in the next month when they dip under 0.20. You could well make an amazing profit. But it could equally well blow up in your face. Nobody knows.
