JimiQ84
|
|
August 25, 2013, 04:32:06 PM |
|
I'd be interested to hear if creativex has reconsidered using a fraction of the reinvestment fund as part of a hedging/investment portfolio. I'd consider re-opening a position in AM-PT shares at these levels with a portion of our fund. There are no other investments that have both the liquidity and track record. Also, as before, I like the unique situation with AM-PT which requires us to trust only one more person...friedcat. Thoughts? Concerns? Am is good investment at current levels, at least short term (up to one month), in my opinion Edit: although, as I look at the prices, window of opportunity has been closed. Friedcat released news about new usb miners and price has skyrocketed
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 04:58:58 PM |
|
Hi JimiQ84. This is just a short term spike after an extended downtrend. The real reason to buy into AM is IMO management's proven ability to deliver results. New sales of USB miners will result in boosted dividends.
|
|
|
|
JimiQ84
|
|
August 25, 2013, 05:04:38 PM |
|
Hi JimiQ84. This is just a short term spike after an extended downtrend. The real reason to buy into AM is IMO management's proven ability to deliver results. New sales of USB miners will result in boosted dividends.
ultimately it's up to you. I am AM shareholder (larger than BM shareholder), so my personal opinion is clear (go, AM! ) I think AM will deliver juicy dividends any week now, too.
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 05:39:03 PM |
|
personally I would think to put a small amount into the new IPO's. it wont hurt saying you are a shareholder when they release the tin. Hi TMAN. Which IPOs do you suggest? LC & ACTM I presume? Any others? Any investments in these would be very small. Cheers.
|
|
|
|
TMAN
Legendary
Offline
Activity: 1414
Merit: 1808
Exchange Bitcoin quickly-https://blockchain.com.do
|
|
August 25, 2013, 06:03:40 PM |
|
im not talking anything substantial - you arent the risky type of guy.. thats why I like you bud.
but a 2 or 3 % investment from the coins on hand could turn into something large..
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 06:19:51 PM |
|
im not talking anything substantial - you arent the risky type of guy.. thats why I like you bud.
but a 2 or 3 % investment from the coins on hand could turn into something large.. lol Thanks! Would it surprise you to learn that I enjoy a good hand of no limit Texas Holdem?
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 06:21:03 PM |
|
**Announcement**I've taken a small position in ASICMiner-PT(25) & Labcoin(5000). These positions can be confirmed via bASIC-Mining's public portfolio located here: https://btct.co/portfolio/f8A1
|
|
|
|
bobboooiie
|
|
August 25, 2013, 06:25:03 PM |
|
at what price did you snatched AM shares ?
|
|
|
|
shandafa
Newbie
Offline
Activity: 28
Merit: 0
|
|
August 25, 2013, 06:27:19 PM |
|
Nice! Hopefully you bought at prices low enough
|
|
|
|
TMAN
Legendary
Offline
Activity: 1414
Merit: 1808
Exchange Bitcoin quickly-https://blockchain.com.do
|
|
August 25, 2013, 06:30:27 PM |
|
im not talking anything substantial - you arent the risky type of guy.. thats why I like you bud.
but a 2 or 3 % investment from the coins on hand could turn into something large.. lol Thanks! Would it surprise you to learn that I enjoy a good hand of no limit Texas Holdem? exactly - risk reward & maths... but sometimes a little flutter can give decent returns!
|
|
|
|
Rebelution
Member
Offline
Activity: 70
Merit: 10
|
|
August 25, 2013, 06:34:27 PM |
|
**Announcement**I've taken a small position in ASICMiner-PT(25) & Labcoin(5000). These positions can be confirmed via bASIC-Mining's public portfolio located here: https://btct.co/portfolio/f8A1 At what cost basis? Will you continue to purchase additional shares? I am totally fine with this, but I hold BASIC primarily to diversify my holdings: do you anticipate further additional purchases?
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 06:39:37 PM |
|
Prices paid were 3.097725 & 0.00330825 including fees. We're slightly ahead on one and slightly behind on the other. Though with the speed at which these things change hands I'm not too worried. With all the speculators and short term traders we should probably be investing in the exchange itself.
Cheers.
|
|
|
|
Rebelution
Member
Offline
Activity: 70
Merit: 10
|
|
August 25, 2013, 06:42:41 PM |
|
Prices paid were 3.097725 & 0.00330825 including fees. We're slightly ahead on one and slightly behind on the other. Though with the speed at which these things change hands I'm not too worried. With all the speculators and short term traders we should probably be investing in the exchange itself.
Cheers.
Great prices, thanks!
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 06:46:48 PM |
|
**Announcement**I've taken a small position in ASICMiner-PT(25) & Labcoin(5000). These positions can be confirmed via bASIC-Mining's public portfolio located here: https://btct.co/portfolio/f8A1 At what cost basis? Will you continue to purchase additional shares? I am totally fine with this, but I hold BASIC primarily to diversify my holdings: do you anticipate further additional purchases? Hi Rebelution. I understand, and I'm not generally a huge fan of this kind of thing as I'd rather be purchasing more mining hardware. However, the landscape is changing too fast ATM to commit to anything we cannot readily undo. I would consider adding more AM-PT on weakness if the latest uptick doesn't hold, but I don't want to get into a position that will be difficult to liquidate quickly if/when a hardware purchase makes sense. Cheers.
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
August 25, 2013, 06:50:00 PM |
|
Prices paid were 3.097725 & 0.00330825 including fees. We're slightly ahead on one and slightly behind on the other. Though with the speed at which these things change hands I'm not too worried. With all the speculators and short term traders we should probably be investing in the exchange itself.
Cheers.
Good choice on both.
|
|
|
|
stslimited
|
|
August 25, 2013, 08:31:19 PM |
|
*sigh* disagree with this because I have better positions and trades on AM-PT and Labcoin already
w/ labcoin had a cost basis of .00155 that took a while to get, and sold half the position at .0036
used that half to add into AM-PT at a 2.70
so....
yeh
whatever
can we not do this?
is this just to boost the avg weekly dividends?
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 08:38:49 PM |
|
Hi stslimited. While I understand your perspective, this capital is not doing anything for us at this time and will provide us with a small boost to our daily dividends with very little associated risk while the available hardware options become more clear.
Cheers.
|
|
|
|
FloatesMcgoates
|
|
August 25, 2013, 08:43:53 PM |
|
Why was there a shareholder vote for the last time you wished to invest in stocks but none this time?
|
|
|
|
stslimited
|
|
August 25, 2013, 08:45:00 PM |
|
Why was there a shareholder vote for the last time you wished to invest in stocks but none this time?
I understand the speed at which things move here, but I would have definitely have liked to vote no on this one my company can manage capital
|
|
|
|
creativex (OP)
|
|
August 25, 2013, 09:52:01 PM |
|
Why was there a shareholder vote for the last time you wished to invest in stocks but none this time? Hi FloatesMcgoates. The motion to which you refer was worded in an open ended way and passed by a solid majority(72.8%). The motion itself refers specifically to AM-PT and as such did not grant me the authority to purchase LC. Though frankly we're talking about 16.54125BTC, 1.91% of our reserve capital, or .129% of bASIC-MINING's value. I apologize for upsetting you guys, but I know from experience that a solid number of shareholders get antsy when we're not deploying idle capital and this is, IMO, a relatively safe and effective use of a small portion of our funds. I'm just trying to strike a balance here while we await the coming flurry of hardware deliveries and hopefully shorter lead times as well as more reasonable prices. Cheers.
|
|
|
|
|