ASICMINER: Entering the Future of ASIC Mining by Inventing It

[supert]

Exercising options makes sense for both writer and buyer at the moment. The writer has their margin/deposit tied up and unusable and the buyer has virtual not real shares.

[freedomno1]

Shoot so that's why I just saw a nuke go off

[afro25]

I'm so sorry I ever sold you my little Asicminer PT's
Completely out of Labcrap now, but out of everything else too, and Asicminer's price is going up, so If I buy now then i'd have made a loss from when I sold this morning... God damnnit I hate crashes, I always make such crap decisions!

[freedomno1]

I gotta be honest with you guys, I am considering buying at 1.2. I delta-hedged some options around 1.3 and thought I'd gotten a great deal. Nope.

I think I might wait for 1.0, on second thought. Who knows what's gonna happen to these shares...

Just execute your options the future is pretty much written in stone for btct at least it looks like it is

[KCBitcoin]

i was about to say that the market was recovering, but wow, man, look at the AM share dump

[ninjarobot]

Love the smell of panic selling in the morning! This little piggy is going to the market

[runeks]

I gotta be honest with you guys, I am considering buying at 1.2. I delta-hedged some options around 1.3 and thought I'd gotten a great deal. Nope.

I think I might wait for 1.0, on second thought. Who knows what's gonna happen to these shares...

I just exercised my options at around 1.35 per share.

It sucks that burnside hasn't been clear on how options will be handled wrt. the shutdown. I just wanted to get the fuck out of there, and I figured 1.35 per share was an OK price anyway.

EDIT: Oh, and a big fucking "thank you" to SEC for protecting the consumers and forcing this shutdown. Thumbs up SEC!

[circuitry]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

[afro25]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

Be careful, that's a return based on the previous dividends compared to that price. Actual return will be less until Friedcat brings online the new hashing power.

[runeks]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

[empoweoqwj]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Thanks for sticking the knife in - we're hurting enough already 

[runeks]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Thanks for sticking the knife in - we're hurting enough already 

Although I realize it might be painful for previous investors to be reminded of this, I think new investors might appreciate this advice.

People keep saying "the annual return is X%", when the fact of the matter is that no one knows what the rate of return will be.

I think it's high time we let this myth die. Your rate of return is something you calculate in retrospect, not something you know before investing in an asset.

[circuitry]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Haha, thanks for your input. You're right indeed But looking at the order book, it doesn't really look like it's going to go down much further. Of course, I'm not going to fool myself and think I can predict the market. I am merely reacting to what I consider an advantageous situation in the middle of a panic.

Well. I made my bet already.

"Interesting times", that's for sure.

[nycgoat]

I have been trying to exercise put options, "Insufficient quantity in the sellers portfolio"

[dxxw]

You have to stand up and say something now friedcat.

[Caesium]

You have to stand up and say something now friedcat.

What does he have to say? He is emailed the list of shareholders twice a day, the PT shares will become direct shares, this is almost exactly why the email was sent in the first place.

Of all the funds and securities I hold on BTCT right now, this is the one I'm least concerned about.

[BitThink]

You have to stand up and say something now friedcat.

To be honest, the PT is managed by burnside and not friedcat.

[supert]

I have been trying to exercise put options, "Insufficient quantity in the sellers portfolio"

You need to buy the shares at market in order to put them to the option writer at the strike price.

[BitThink]

You have to stand up and say something now friedcat.

What does he have to say? He is emailed the list of shareholders twice a day, the PT shares will become direct shares, this is almost exactly why the email was sent in the first place.

Of all the funds and securities I hold on BTCT right now, this is the one I'm least concerned about.

Any source to confirm PT shares will become direct shares? Thanks.

[nycgoat]

I have been trying to exercise put options, "Insufficient quantity in the sellers portfolio"

You need to buy the shares at market in order to put them to the option writer at the strike price.

I know.. Weird.. I will try again