[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[radiumsoup]

Short as a verb means to sell short.

Thanks - I go off to catch up on a day or two of Fark headlines I've missed, and you fill in with the exact sentiment I would have typed up when I returned to read the response here.

[steveioio]

So not worth it in your opinion then?

My opinion is contrarian here, but it is correct. This stock is about to descend into hell. lol, hell for anyone invested in it.

[steveioio]

Short as a verb means to sell short.

Thanks - I go off to catch up on a day or two of Fark headlines I've missed, and you fill in with the exact sentiment I would have typed up when I returned to read the response here.

 

?

[Mabsark]

Is it worth buying shares now? Is there a chance their price could significantly increase?

Yes go for it, these guys want all the money they can get off you. Buy now - if everyone doesn't tell you that I'll eat my hat.

So not worth it in your opinion then?

That idiot thinks the price is going to crash to below IPO prices 1 week before they start mining with 3/4 TH/s. That's all you need to know about him really.

[steveioio]

1 week before they start mining with 3/4 TH/s.

Strong statement - care to prove it? lol good luck.

[Mabsark]

You see the problem? That's why I'm basing this on the chart. Nothing fabricated, made up or invented.

I'm looking forward for your anaylsis. What do you see what makes you sure LAB is going down instead of breaking through the resistance?

Cool, where did you get this candle chart from?

What a surprise, no analysis from the "financial expert".

[radiumsoup]

Short as a verb means to sell short. You obviously don't know anything.

Pedantic arsehole. You know I didn't say 'short sell'. I said short (yes a verb WELL DONE!) as in 'go short' as in SELL. Prick.

To sell short and to sell an existing long position are not the same thing. It's not pedantics, it's vocabulary.

[Mabsark]

1 week before they start mining with 3/4 TH/s.

Strong statement - care to prove it? lol good luck.

If you go to BTC-TC, and check the "News" for Labcoin, you'll see the following statement.

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

[steveioio]

You see the problem? That's why I'm basing this on the chart. Nothing fabricated, made up or invented.

I'm looking forward for your anaylsis. What do you see what makes you sure LAB is going down instead of breaking through the resistance?

I asked about the chart and was waiting for some sort of reply, nevermind, ninja trader import.

My analysis - how about multiple rejections and four red engulfing candles you retard!! Are you blind? Holy fuck what a clown.

[steveioio]

To sell short and to sell an existing long position are not the same thing. It's not pedantics, it's vocabulary.

It's pedantics as you KNOW I am telling people to sell their holdings.

How the fuck do you 'sell a long position'? You either HOLD a long position or you don't. You cannot SELL a long position. ha ha ha you f-ed up at your own little game. Moron.

[steveioio]

If you go to BTC-TC, and check the "News" for Labcoin, you'll see the following statement.

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

Lol and this is proof? Ever heard the expression 'don't believe the hype'?

[dexX7]

Cool, where did you get this candle chart from?

NinjaTrader + BTC-TC API.

1. Charts do visualize what "the market" does and TA "works" to a certain degree. And while patterns can perfectly represent the underlying sentiment, it is not possible to account unpredictable external events due to their unpredictableness. You might assume "there is currently undecidedness and a breakout will follow soon" for example, but this is as far as you can go related to stocks like LAB, because you can't predit the actual outcome of that external event (= do they deliver chips or not).

2. You claim LAB is going down, though you couldn't provide any reasonable explanation to back this claim. Same goes for "the charts tell!".

[physalis]

Is it worth buying shares now? Is there a chance their price could significantly increase?

Yes go for it, these guys want all the money they can get off you. Buy now - if everyone doesn't tell you that I'll eat my hat.

So not worth it in your opinion then?

You really don't want to listen to that guy. Push the ignore button under his name to save yourself from some major eyerolling injuries.

But you shouldn't listen to anyone here telling you what you should or shouldn't buy.
If you listen to people about where you should throw your money, you'll just lose it.
Make your own decision.

[AngelSky]

you guys should go sleep

[steveioio]

2. You claim LAB is going down, though you couldn't provide any reasonable explanation to back this claim. Same goes for "the charts tell!".

Thanks for info. And my post at the top of this page?

I know the limits of ta, there is no news for a week, hence the chart takes precedent.

[dexX7]

2. You claim LAB is going down, though you couldn't provide any reasonable explanation to back this claim. Same goes for "the charts tell!".

Thanks for info. And my post at the top of this page?

I know the limits of ta, there is no news for a week, hence the chart takes precedent.

Hard to admit now, but I have nothing to add or disagree with this statement.

Well, I guess I should rephrase "you're talking bs" to "your attitude sucks" or something.

[radiumsoup]

To sell short and to sell an existing long position are not the same thing. It's not pedantics, it's vocabulary.

It's pedantics as you KNOW I am telling people to sell their holdings.

I only know what you tell people by reading what you type - I cannot know what you intend to tell someone unless you express yourself in an understandable way.

How the fuck do you 'sell a long position'? You either HOLD a long position or you don't. You cannot SELL a long position. ha ha ha you f-ed up at your own little game. Moron.

A little vocabulary lesson seems to be in order:

To sell a long position is to sell shares of a security you already own.
To sell "short" is to borrow shares (usually from a broker) for the purposes of selling what you have not yet paid for.

I hope that makes it clearer for you. I can link you to the motley fool if you'd like, they have lots of articles for do-it-yourself-at-home investors that might be helpful.

[steveioio]

Hard to admit now, but I have nothing to add or disagree with this statement.

Well, I guess I should rephrase "you're talking bs" to "your attitude sucks" or something.

Sorry what statement? Have you any comment on my analysis of your lovely chart? Multiple rejections (over a significant period), range engulfed to the downside? Nevermind, we both know where it's going.

[steveioio]

I only know what you tell people by reading what you type - I cannot know what you intend to tell someone unless you express yourself in an understandable way.

Yes that is the attitude that makes you a pedantic asshole. What I said was perfectly understandable grammatically and contextually.


>>>>>To sell a long position is to sell shares of a security you already own.


Holy fuck man you are really retarded. You think this stuff  is news to me or most people here?
I say again you CAN NOT sell a long position? You can EXIT it, you can't sell it. Who is going to 'buy' your 'position'? ABSURD.

>>>>>To sell "short" is to borrow shares (usually from a broker) for the purposes of selling what you have not yet paid for.

No shit sherlock. That's why I didn't use the phrase 'sell short' or 'short sell'. Again, short = to go short = sell. Got it yet? Fuck me.


>>>>>I hope that makes it clearer for you. I can link you to the motley fool if you'd like,


Motley Fool? Fuck off! Stopped reading that 'for the masses' shit in the frigging nineties, motley fucking fool?! JESUS.

[pheaonix]

keep holding labcoin. this growth is natural.

also i applaud labcoin on building pcbs AFTER getting chips so less time is spent hashing when speed is everything. it isn't like they had the exact specifications and could build the boards ahead of time to save time where the entire stock is based on rapid deployment.