Stuart, your post reeks of the jealous delusions of an ActM fanboy.
Anyone with half a brain could have told you that the eASIC news would cause a short lasting bubble due to having no actual chips for another 2 months. Anyone with a half a brain could also tell you that news of LC mining will be the start of a long lasting increase in share price due to actually having chips.
You've got to be seriously delusional to not understand this.
Actually, I did think ActM would settle at a higher price. I actually thought it might get to 0.008 or 0.009. That's because I personally wasn't even sure if the eASIC deal would really go through, or how long it would take. At least as far as my personal view - the fact the deal was closed made it seem much more likely to pay off down the road - although there are still a lot of things that Ken needs to get done before the stock can start paying dividends, and a lot of them are not under
NDA.
But the fact that the price didn't slide indicates to me that, in fact, "the market" (such as it is) had been assuming the deal was legit all along. Labcoin seems way under priced as well - which to me says that most market participants actually do think both Labcoin
and ActM will be successful, probably both getting a few percent of the network.
What I actually think is going on is that there just aren't enough people in the market overall, not enough money to support the "real" value of these stocks. That's not too surprising given the TOS you have to agree too, which basically amounts to you agreeing that you're just giving away your money with no recourse. Plus, not many people even use bitcoin, let alone understand mining well enough to get why these stocks have value.
I know when people started talking about GLBSE, I figured it was an incredibly stupid idea to trust some random "bitcoin stock exchange". It turns out I was
totally right about GLBSE - and early ASICMiner investors where only able to keep their shares because of Friedcat's heroic measures in getting the shareholder list.
I think that probably explains AsicMiner's decline, the value (IMO) is declining because people are selling AM to buy ActM and Labcoin. Even though AM has been around longer, the fact is the price/reward ratio between AM and Labcoin are way out of whack. AM and Labcoin both have 130nm chips, with faster ones on the way. There's no reason for AM to have 50-60 times the market cap. At 2.1 and 0.038 it's more like 20x the market cap.
So, it's impossible to predict what's going to happen. We might see a spike then rundown as people take profits. Or the news that they're hashing
____
Also - it's obviously funny that this supposed, self-proclaimed "chart reading genius" apparently didn't predict what would actually happen with his voodoo chartstrology. He keeps saying that the only reason ActM is low is because of you spreading fud, but if he's so awsome at predicting movements from charts why hasn't he been able to predict ActM's spike and subsequent return to .038?
I mean, if he could really predict what the market was going to do he could have set a sell order at 0.0068, and a buy order at 0.0039, and almost doubled the number of shares in his account while being away from the computer for days.
But of course for people like this, they're never willing to give a timeframe for their predictions. They'll always say whatever is going to happen just hasn't happened yet, what good is knowing a future stock price if you don't know when it will have that price? (or, they'll tell you that people are doing something to prevent the "will of nature" apparently in this case the chart gods can be foiled by forum trolling)
0.004-0.005 would be good enough and sounds reasonable
