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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 774. (Read 3917635 times)

sr. member
Activity: 476
Merit: 250
Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Fool me twice shame on me.

So, because of another company and their handling of product, you're saying FC is somehow scamming us?
sr. member
Activity: 476
Merit: 250
The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.  
He didn't sell pre-orders, a reseller did, and FC helped to make it right.  But, it was not FC pre-selling.
member
Activity: 70
Merit: 10
I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Angry

Yifu was above reproach once.

Now you're just spreading FUD.


Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Yifu's commitment to customers is much different than Friedcat's commitment to his shareholders.  Customers have a right to know why their products are not shipping and what has caused the delays.  

Friedcat does not accept pre-orders, so he has no commitment to keep customers up to date on the manufacturing.  The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.  With respect to his commitment to shareholders, it is his management style to release limited info so as to keep competitors (as well as shareholders) in the dark.  That is totally fine and its management's prerogative.  If you do not like the limited communication, then do not purchase shares--it's that simple.  Friedcat's commitment is to maximize value for shareholders, not to keep the speculators and short sellers informed of his activities.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Angry

Yifu was above reproach once.

Now you're just spreading FUD.


Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Fool me twice shame on me.
hero member
Activity: 784
Merit: 501
I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Angry

Yifu was above reproach once.

Now you're just spreading FUD.
g83
sr. member
Activity: 448
Merit: 250
Super Smash Bros. Ultimate Available Now!
Good point to get into am for cheap
sr. member
Activity: 434
Merit: 250
Back into AM shares. FCs proven management and AMs market position are a good bet at these levels.    
ajk
donator
Activity: 447
Merit: 250
opinions are like assholes, we all got one and they all stink.

Im still under the assumption that friedcat will deliver for his investors, he has always done this and now that he is running a much larger operation im sure is much busier than what he once was, many can panic sell on no news, it happened for labcoin and all they had to do was come out and just post an update for it to rally up by almost 50%,

Not saying AsicMiner is going to have the same blow up but all it takes is a bit of good news, some will want to capitalize off the small opportunity but it only really works if you dont have a large number of shares, im still holding long because FC has always delivered and dont see that changing anytime soon considering this is his livelihood
hero member
Activity: 1008
Merit: 537

The bears react instantly and the bulls are delayed. So you get a cliff in the share price because resistance is anemic.

yeah, but then you get a fast recovery when those bull coins get in.  The delay has to do with confirmation times, too.

The market has shown us twice this morning that AM at 3 is undervalued.

Yeah you said that 4-5 times already, WE GOT IT by now. But I know you are long on AM so you are trying to pump it up. The true value will be shown by market and its not undervalued by any means at 3, unless you are blind and dont see what is happening in mining BTC world you should see it too.

One smart guy here.
legendary
Activity: 1442
Merit: 1001

We will see within the next week if 400 shares will go below 3. I think that's too fast, but adjustments are brutal sometimes.

Indeed we will. I'm not going to try and predict where the price will be in the short term - I'm just comfortable holding onto my position for quite some time. I get the reasons to be bearish for AM or mining hardware companies in general, but investing in a proven business leader like Friedcat is within my comfort zone.
sr. member
Activity: 476
Merit: 250
We will see within the next week if 400 shares will go below 3. I think that's too fast, but adjustments are brutal sometimes. There could be a sentiment inflection among original board members, and then it's game over.

it could just as likely go the other way.  things can change fast in this game, for better or worse.

I agree with Canth.  Sure, there are some sell-offs happening, but there is also a lot of buying going on, and in the scheme of things, we're talking about a small minority of shareholders that are moving right now.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
@canth
I'm loving the shakeup. I got back onboard at 3.7 - and after seeing everyone freak out about low divs or other IPOs, I am glad to see the weak hands leave the boat.
In the end, some play it speculatively, others invest.

Yup - I've got no problem with the panic sells (of a few shares). The real price for any share is what you can sell > 0.1% of the shares for, in the case of AM at least 400. I don't remember seeing more than a few shares go for over 5 BTC nor do I think that anyone would sell 400 shares for under 3.5 BTC today. It's funny because this scenario is even more exaggerated on other stocks that don't frequently trade as much volume as AM does. Then people REALLY freak when the price plunges or takes off, even though only a few shares traded hands.

In general, as much as the prices fluctuate and as much as there's a noisy minority of disruptive shareholders posting incendiary crap, the majority of investors seem comfortable to buy and hold. If they didn't, the share volume traded would be much higher. I'm looking forward to seeing what kind of an operation Friedcat (and his competition) will be running in 6-12 months or more.

We will see within the next week if 400 shares will go below 3. I think that's too fast, but adjustments are brutal sometimes. There could be a sentiment inflection among original board members, and then it's game over.
legendary
Activity: 1442
Merit: 1001
@canth
I'm loving the shakeup. I got back onboard at 3.7 - and after seeing everyone freak out about low divs or other IPOs, I am glad to see the weak hands leave the boat.
In the end, some play it speculatively, others invest.

Yup - I've got no problem with the panic sells (of a few shares). The real price for any share is what you can sell > 0.1% of the shares for, in the case of AM at least 400. I don't remember seeing more than a few shares go for over 5 BTC nor do I think that anyone would sell 400 shares for under 3.5 BTC today. It's funny because this scenario is even more exaggerated on other stocks that don't frequently trade as much volume as AM does. Then people REALLY freak when the price plunges or takes off, even though only a few shares traded hands.

In general, as much as the prices fluctuate and as much as there's a noisy minority of disruptive shareholders posting incendiary crap, the majority of investors seem comfortable to buy and hold. If they didn't, the share volume traded would be much higher. I'm looking forward to seeing what kind of an operation Friedcat (and his competition) will be running in 6-12 months or more.
sr. member
Activity: 364
Merit: 250
To give you some perspective from someone who sold his shares (last [email protected]):
There are some things that worry me about AM right now.
The difficulty jumps are getting really crazy and even AM will have trouble keeping up with this.
The BTC/USD value seems to be on the fence of skyrocketing and people may want to have their BTC liquid (also I prefer to have only a certain amount of "risk capital", when the BTC value increases I want less of them in shares)
This combined with the low information output from friedcat and the low dividends that showed that the drop of hashrate wasn't due renting triggered my wish to sell my shares.

I didn't own a lot of shares, so it wasn't that influencal, but I just wanted to share my view.
sr. member
Activity: 476
Merit: 250
I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Angry
When he was doing weekly updates, it typically came a day after dividends.  I don't know if he'll update this week (I sure hope so), but I expect that if he does, it will be tomorrow.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Angry

Yifu was above reproach once.
full member
Activity: 140
Merit: 100
I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Angry
member
Activity: 70
Merit: 10
I've been prognosticating this for ages, at about this timeframe. Few listened. Here it is.

The huge drop was because USD-BTC is illiquid. The adjustment will be a continuing trend as sentiment shifts, not a vertical line.

right, we've never seen a recovery from levels like this before...  Roll Eyes

sell Vycid your cheap shares, he'll be glad to take them off your hands.

Indeed I will, I need them to exercise my put options.

At this point I think I'm the only one buying AM.
Will you reveal how many put options you own?

No. Sorry, personal finances are off-limits.

I will say this: I am not a whale, I will not be making a major impact. This was fun money, most of my money is in traditional markets where I don't have an unacceptable amount of counterparty risk.

Speaking of which: check out my newest long position, http://finance.yahoo.com/q?s=ANV

That looks good for a pop
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
I've been prognosticating this for ages, at about this timeframe. Few listened. Here it is.

The huge drop was because USD-BTC is illiquid. The adjustment will be a continuing trend as sentiment shifts, not a vertical line.

right, we've never seen a recovery from levels like this before...  Roll Eyes

sell Vycid your cheap shares, he'll be glad to take them off your hands.

Indeed I will, I need them to exercise my put options.

At this point I think I'm the only one buying AM.
Will you reveal how many put options you own?

No. Sorry, personal finances are off-limits.

I will say this: I am not a whale, I will not be making a major impact. This was fun money, most of my money is in traditional markets where I don't have an unacceptable amount of counterparty risk.

Speaking of which: check out my newest long position, http://finance.yahoo.com/q?s=ANV
sr. member
Activity: 476
Merit: 250
yeah, but then you get a fast recovery when those bull coins get in.  The delay has to do with confirmation times, too.

The market has shown us twice this morning that AM at 3 is undervalued.

Yeah you said that 4-5 times already, WE GOT IT by now. But I know you are long on AM so you are trying to pump it up. The true value will be shown by market and its not undervalued by any means at 3, unless you are blind and dont see what is happening in mining BTC world you should see it too.

twice, but who's counting, right?

notice how Labcoin and ActM also had sell offs this morning that time perfectly with the AM recovery(s).  What does that tell you?  To me, that says people see cheap AM shares and are willing to cash in gains with other securities to take advantage of low AM prices.

Tell me, if so many people buy when AM is low, does that mean the market sees it as fair value or under valued?
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