powpow
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August 21, 2013, 02:04:29 PM |
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Wow, wasn't expecting this to fall this far...
Welcome to panic mode. Rationality flies out the window. yep, I am not selling my shares for this cheap, it's not worth it. I can't believe people are willing to sell for this. Cheap is relative to whatever the holder paid for the shares. |
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velacreations (OP)
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August 21, 2013, 02:08:06 PM |
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Cheap is relative to whatever the holder paid for the shares.
certainly, but at 2.7, AM is severely undervalued, IMO |
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Aedius
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Activity: 57
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August 21, 2013, 02:09:00 PM |
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Wow, wasn't expecting this to fall this far...
Welcome to panic mode. Rationality flies out the window. yep, I am not selling my shares for this cheap, it's not worth it. I can't believe people are willing to sell for this. The irrationality of these markets is great for investing/trading... People are panic selling and driving prices down considerably because of ONE "low" dividend. If you assumed 0.0122 was going to be the new average, which many people seem to be doing, that would still equate to a 22% yield at a 2.90 share price. If we take the YTD average dividends though we're looking at approximately 43.5% yield at current share prices. I think there will be some more sells throughout the day to shake out the weak hands/speculators... Hoping to pick up some more cheap shares after trading settles down a little. |
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Trillian
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August 21, 2013, 02:11:08 PM |
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Prediction: ASICMINER-PT will hit 4 BTC again within a month, i.e. from 21 August 2013 to 20 September 2013.
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velacreations (OP)
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August 21, 2013, 02:13:08 PM |
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The irrationality of these markets is great for investing/trading... People are panic selling and driving prices down considerably because of ONE "low" dividend.
If you assumed 0.0122 was going to be the new average, which many people seem to be doing, that would still equate to a 22% yield at a 2.90 share price. If we take the YTD average dividends though we're looking at approximately 43.5% yield at current share prices.
I think there will be some more sells throughout the day to shake out the weak hands/speculators... Hoping to pick up some more cheap shares after trading settles down a little.
yeah, if I had some coin, I'd be buying up, too. We've seen this pattern before, big drop right after bad news/low dividend, then back up, as people want the cheap shares. If we get an update from FC tomorrow, it might be enough to bring it back to the prices we saw yesterday. |
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Franktank
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August 21, 2013, 02:16:42 PM |
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People are being ridiculously shortsighted. Two bad dividends and everyone's looking for cover...
Those people weren't here when AM was paying sub 0.01/share. I believe the term is "fair weather investors". |
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Morblias
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August 21, 2013, 02:23:22 PM |
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People are being ridiculously shortsighted. Two bad dividends and everyone's looking for cover...
Those people weren't here when AM was paying sub 0.01/share. I believe the term is "fair weather investors". That's one good thing about a low div, people panic sell and I buy more cheap shares  |
Tips / Donations accepted: 1Morb18DsDHNEv6TeQXBdba872ZSpiK9fY
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velacreations (OP)
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August 21, 2013, 02:24:40 PM |
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guys, move those sell orders, people are going to fill them, and then you'll be sorry for selling AM at 2.9!
There should be no sell orders lower than 3.5.
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culexevilman
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Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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August 21, 2013, 02:27:12 PM |
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wow I got some at 2.7
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Trillian
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August 21, 2013, 02:27:38 PM |
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Down aaand up again... the friedcat bounce!
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Franktank
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August 21, 2013, 02:28:25 PM |
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wow I got some at 2.7
You're going to double that investment in about a month. |
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culexevilman
Legendary
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Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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August 21, 2013, 02:29:00 PM |
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wow I got some at 2.7
You're going to double that investment in about a month. yeah, I am already up.... |
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btcbot
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August 21, 2013, 02:30:22 PM |
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Don't tip me... tip the Riseup folks who protect activists around the world. |
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Franktank
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August 21, 2013, 02:31:56 PM |
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guys, move those sell orders, people are going to fill them, and then you'll be sorry for selling AM at 2.9!
There should be no sell orders lower than 3.5.
....aaannnd we're back! Hope everyone enjoyed the ride. |
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BitCsByBit
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August 21, 2013, 02:34:17 PM |
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Damn, I missed out.
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Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
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velacreations (OP)
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August 21, 2013, 02:34:44 PM |
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guys, move those sell orders, people are going to fill them, and then you'll be sorry for selling AM at 2.9!
There should be no sell orders lower than 3.5.
....aaannnd we're back! Hope everyone enjoyed the ride. those poor bastards that sold at 2.6...  |
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deltanine
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August 21, 2013, 02:35:31 PM |
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Damn, I missed out.
This teaches me to always have some reserve coin on hand. Can't get them into btct fast enough. |
Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
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Franktank
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August 21, 2013, 02:39:20 PM |
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those poor bastards that sold at 2.6... The "pièce de résistance" would be friedcat providing another update, just to twist the knife while it's in  |
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culexevilman
Legendary
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Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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August 21, 2013, 02:40:18 PM |
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guys, move those sell orders, people are going to fill them, and then you'll be sorry for selling AM at 2.9!
There should be no sell orders lower than 3.5.
....aaannnd we're back! Hope everyone enjoyed the ride. those poor bastards that sold at 2.6... indeed, I am up almost 1 btc on each shares... |
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velacreations (OP)
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August 21, 2013, 02:44:52 PM |
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those poor bastards that sold at 2.6... The "pièce de résistance" would be friedcat providing another update, just to twist the knife while it's in yeah, that would be great. We do need an update from FC, just to let us know what is going on with things, lots of questions right now. |
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