I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOIN
Well, looks like that is where all the shares are leaking value to. I'm not exactly sure how Labcoin is going to compete though. Considering Avalon already dominates the 130nm chip space and others are already shooting for 28nm in the months ahead. I can only reason the investers flooded the IPO and are hoping for a quick rise from the early enthusiasm so they can bail as soon as the share price rises a little.
Solidly performing shares are being sold like they are going out of style just for this business plan. Am I biased in saying that Labcoin does not have such a solid plan? How can this possibly be competitive in relation to Asicminer et al?