Looks like we have some competition. Is this bad for the stock (no way to compete) or good (massive price increase, more investors looking to buy us out, etc)
https://bitcointalksearch.org/topic/m.2868036
http://online.wsj.com/article/SB10001424127887323997004578644491403250124.html
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 830. (Read 1079974 times)
August 04, 2013, 10:54:04 PM
August 04, 2013, 10:52:35 PM
ASICMiner is selling off to under 4. Players are repositioning for something it seems.
Quote
Mr. Lewis leads the Phoenix Fund, a Zurich-based private-equity fund that on Tuesday plans to invest $200 million in Avalon, a company that makes computer servers aimed at creating bitcoins, according to people familiar with the situation.
link: http://online.wsj.com/article/SB10001424127887323997004578644491403250124.html August 04, 2013, 10:42:25 PM
ASICMiner is selling off to under 4. Players are repositioning for something it seems.
Doesn't look like any securities can catch a break today. :p
August 04, 2013, 10:41:25 PM
ASICMiner is selling off to under 4. Players are repositioning for something it seems.
August 04, 2013, 10:27:46 PM
@Swede @Labcoin
How does Labcoin plan to stay competitive in a growing marketplace including well-funded Silicon Valley start-ups?
How does Labcoin plan to stay competitive in a growing marketplace including well-funded Silicon Valley start-ups?
http://www.cointerra.com/team/ 
says the adults are here, and intend on pushing over our little popsicle stand.
says the adults are here, and intend on pushing over our little popsicle stand.
Quote
Dr. Sherwani is the author of a textbook on Physical Design, which is widely used as the main textbook at major universities around the world. In addition, he has authored or co-authored three books and over 100 articles on various aspects of Physical Design Automation and ASICs.
August 04, 2013, 10:26:07 PM
August 04, 2013, 10:15:30 PM
That ticking clock is breaking weak hands.
Well, let 'em break, I say
August 04, 2013, 10:01:19 PM
I just see 5000 shares. Not very massive.
02:43 (S) 629 @ 0.00150000 LABCOIN
02:42 (S) 9371 @ 0.00150000 LABCOIN
02:42 (S) 500 @ 0.00150000 LABCOIN
02:42 (S) 1998 @ 0.00150000 LABCOIN
02:42 (S) 1000 @ 0.00150200 LABCOIN
02:42 (S) 400 @ 0.00150200 LABCOIN
02:42 (S) 2540 @ 0.00150200 LABCOIN
02:42 (S) 3629 @ 0.00152000 LABCOIN
02:42 (S) 5230 @ 0.00155000 LABCOIN
02:42 (S) 35 @ 0.00155100 LABCOIN
02:42 (S) 62 @ 0.00156500 LABCOIN
02:42 (S) 235 @ 0.00156600 LABCOIN
As soon as the sell-off stops, someone buys in 200 @ .001554
Edit:
03:05 (B) 1079 @ 0.00154700 LABCOIN
03:05 (B) 407 @ 0.00154600 LABCOIN
03:05 (B) 114 @ 0.00154500 LABCOIN
03:04 (B) 121 @ 0.00154500 LABCOIN
03:01 (B) 200 @ 0.00155400 LABCOIN
August 04, 2013, 10:00:16 PM
There is massive buy support at .0015.
There was massive buy support, this thing will dip below 0.00125. There is too much time before anything of substance can be provided to investors. That ticking clock is breaking weak hands.
August 04, 2013, 09:58:19 PM
I just see 5000 shares. Not very massive.
August 04, 2013, 09:56:17 PM
There is massive buy support at .0015.
August 04, 2013, 09:53:45 PM
Still in, watching the garden drop and assuming the equity will move to the cheaper choice lol
August 04, 2013, 09:51:18 PM
Picking up more shares now as we speak!
DMS.SELLING is nearing what I believe to be its true value, so I'm out of that and into more LC shares
DMS.SELLING is nearing what I believe to be its true value, so I'm out of that and into more LC shares
August 04, 2013, 09:50:39 PM
Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.
The difference is that the dumpers will have doubled their position. This lesson is generally learned the hard way.
True, but there is no saying that this is going to .001, it could just sit at .0015 and then bounce back up to .0016-0017. So, they may double nothing. People were trying to buy in back to .0016 then a huge wall of dumps back to .0015 came to stop it.
Yeah, my bet is all the little wannabe Gordon Gekkos are gonna get caught out.
August 04, 2013, 09:44:53 PM
Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.
The difference is that the dumpers will have doubled their position. This lesson is generally learned the hard way.
True, but there is no saying that this is going to .001, it could just sit at .0015 and then bounce back up to .0016-0017. So, they may double nothing. People were trying to buy in back to .0016 then a huge wall of dumps back to .0015 came to stop it.
August 04, 2013, 09:44:32 PM
I've already increased my position from the dumpers. So thanks, guys!
August 04, 2013, 09:41:23 PM
Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.
The difference is that the dumpers will have doubled their position. This lesson is generally learned the hard way.
August 04, 2013, 09:37:59 PM
Panic mode engaged!
We're a long way from good news, it will most likely drift back to IPO levels before anything significant happens to renew interest. Unfortunately people don't seem to be able to hold the line for long periods of inactivity, it's just the way of the bitcoin market.
Full disclosure... I sold @ .0027 + .0017 and won't enter again until .001 ish.
No news = bad news, at least in this market
Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.
August 04, 2013, 09:36:04 PM
Panic mode engaged!
We're a long way from good news, it will most likely drift back to IPO levels before anything significant happens to renew interest. Unfortunately people don't seem to be able to hold the line for long periods of inactivity, it's just the way of the bitcoin market.
Full disclosure... I sold @ .0027 + .0017 and won't enter again until .001 ish.
No news = bad news, at least in this market
August 04, 2013, 09:29:47 PM
Well, as you can see they were right to set their IPO price where they did. If the shares had sold at 0.002 and then dropped down to the current level, people would be outraged
As it is, people who got in at the IPO price are still in the money, so not particularly concerned.
As it is, people who got in at the IPO price are still in the money, so not particularly concerned.
+1 - my thoughts exactly. LabCoin was smart to keep the price where it should be. And for the sellers, I have a feeling they'll be back in a few weeks.
Jump to: