Not good that a big-time thief like this guy is getting involved with mining. Mining is the way to control Bitcoin. Once you control the mining operation, you can do anything with Bitcoin you want. It not longer is beholden to limited supply or anything. They know this. Once the masses jump into Bitcoin and these mega douches control everything Bitcoin is over, it will be just another exploited currency. The problem is that we are still in their system of monetary control - i.e., they can buy up anything they want and that includes Bitcoin. The only time to strike is is when their system has collapsed.

Why sell now? How much worse can it get? Might as well buy in at these prices to average it out.

Went to brush my teeth and now I am a bag holder. Lost about 2.5 BTC - everything I made in the last week and 1/3 of what I have.

Ahh...

ASICMiner is selling off to under 4. Players are repositioning for something it seems.

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

There is massive buy support at .0015.

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.

Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.

This is just someone dumping their shares either to drive the price down or because they are trying to take their BTC somewhere else.

02:22 (S) 3002 @ 0.00150000 LABCOIN
02:22 (S) 110 @ 0.00150000 LABCOIN
02:22 (S) 5000 @ 0.00150100 LABCOIN
02:22 (S) 8 @ 0.00150100 LABCOIN
02:22 (S) 84 @ 0.00150100 LABCOIN
02:22 (S) 990 @ 0.00150200 LABCOIN
02:22 (S) 8000 @ 0.00150200 LABCOIN
02:22 (S) 1000 @ 0.00150300 LABCOIN
02:22 (S) 50 @ 0.00150300 LABCOIN
02:22 (S) 3000 @ 0.00150700 LABCOIN
02:22 (S) 4000 @ 0.00151100 LABCOIN
02:22 (S) 233 @ 0.00151500 LABCOIN
02:22 (S) 7649 @ 0.00151600 LABCOIN
02:22 (S) 100 @ 0.00152200 LABCOIN
02:22 (S) 544 @ 0.00152300 LABCOIN
02:22 (S) 12 @ 0.00155000 LABCOIN
02:22 (S) 71 @ 0.00155200 LABCOIN

This was earlier today I am talking about.

Edit: just now, there are buy orders at 1611 and someone is selling thousands of shares at 1600 and 1500 - about 100,000 shares.

2:06 (S) 425 @ 0.00151700 LABCOIN
02:06 (B) 70 @ 0.00161600 LABCOIN
02:05 (S) 7 @ 0.01507000 BTCGARDEN
02:03 (S) 2351 @ 0.00151600 LABCOIN
02:03 (S) 10000 @ 0.00151700 LABCOIN
02:03 (S) 2060 @ 0.00151800 LABCOIN
02:03 (S) 1323 @ 0.00152800 LABCOIN
02:03 (S) 1000 @ 0.00155000 LABCOIN
02:03 (S) 50 @ 0.00156000 LABCOIN
02:03 (S) 235 @ 0.00156200 LABCOIN
02:02 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 9000 @ 0.00160000 LABCOIN
02:01 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 10000 @ 0.00160000 LABCOIN
02:01 (S) 1184 @ 0.00160100 LABCOIN
02:01 (S) 58816 @ 0.00160100 LABCOIN
02:01 (S) 1184 @ 0.00160500 LABCOIN
02:00 (S) 4905 @ 0.00160500 LABCOIN
02:00 (S) 835 @ 0.00160600 LABCOIN
02:00 (S) 150 @ 0.00160700 LABCOIN
02:00 (S) 2216 @ 0.00160900 LABCOIN
02:00 (S) 1894 @ 0.00161100 LABCOIN

They can sell them, people were willing to buy them higher than what they were sold for - hence, "Shorting". They were driving the price down, not simply selling shares to the highest bidder.

I'm not buying because I don't have anything free to buy because they drove the price down so quickly.

Would be nice - I'm averaged at .0018 but they dumped so quick I couldn't break even after many gains. Guess I could transfer some funds and buy-up some more cheap. But don't want to have everything tied-up.

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

Any information on when we can be expecting our Klondikes? I am assuming the Aug. 15 deadline is out of the question...

The bearded lady uses bitcoin.

for how long do you need to own the stock in order to collect dividends?

I don't think they are selling, they have just been issued the shares - someone had to be issued the shares. 10M total, 3M to them, and 7M to investors at BTC.001

Yeah, I can do all that. I was thinking about how I had to build cgminer with all the AMD SPP and then the settings to get the GPUs to work and all that.