ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ex-trader]

we shoud have the financial report tomorrow...hope get a possitive report...

If it's positive, with shares currently sitting at less than 1/5th of what they were 3 months ago, the price will skyrocket.

The price 'should' hardly move at all.

The fact is that the financial report may only cover what assets they have. If they have 10,000 bitcoins or 50,000 bitcoins as holdings those equate to only 0.025 BTC/share or 0.125 BTC/share.

The only thing that should matter is how much volume of chips they are producing and what they can mine or be sold for.

The problem is that this market is so illiquid and driven by amateurs (no dis-respect intended) that small positive or negative statements or short-term swings in divs massively effect the price. In no other market would a one month change in income cause a $400m company (5BTC/share at current prices) to lose 85% of it's value.

[professorY]

The problem is that this market is so illiquid and driven by amateurs (no dis-respect intended) that small positive  or negative statements or short-term swings in divs massively effect the price.

Exactly.

[San1ty]

I wonder what can be so positive that it would make the price sky-rocket.
If there will be good news, it's probably long term.

Share price might go up in 2014, but this year? I'd be surprised.

[professorY]

Okay, maybe 'skyrocket' wasn't the best word to use. I'm just basing that on how things were this summer and thinking that a lot of people like to put their BTC into AM shares when things are going well. I think there are a lot of people waiting to get back in as soon as things are looking up. If enough of them jump in...price goes up. To people who made a lot of money on AM in the past, I don't think it would take a whole lot of positive outlook to get people jumping back in.

[San1ty]

Okay, maybe 'skyrocket' wasn't the best word to use. I'm just basing that on how things were this summer and thinking that a lot of people like to put their BTC into AM shares when things are going well. I think there are a lot of people waiting to get back in as soon as things are looking up. If enough of them jump in...price goes up. To people who made a lot of money on AM in the past, I don't think it would take a whole lot of positive outlook to get people jumping back in.

That's a valid point, I think we might see a small surge tomorrow. But when div's stay low I think it'll drop again till some of the promises really materialize.

[dexX7]

The problem is that this market is so illiquid and driven by amateurs (no dis-respect intended) that small positive or negative statements or short-term swings in divs massively effect the price. In no other market would a one month change in income cause a $400m company (5BTC/share at current prices) to lose 85% of it's value.

A good rule of thumb is probably share price = dividend * 52 / p, whereby p is somewhere between 0.2 and 0.4. There are limitations though, especially when funds are held back, but looking at the historical prices, it's a rough approximation.

The fact is that the financial report may only cover what assets they have. If they have 10,000 bitcoins or 50,000 bitcoins as holdings those equate to only 0.025 BTC/share or 0.125 BTC/share.

It's correct that 10k BTC equals 0.025 BTC/share, but I don't think you can't conclude that this justifies only a shareprice of 0.025 BTC, because the implied value is much, much higher.

[ladycat]

Today is 10.27, I want to know when Friedcat will show the financial reports~~~~

[bittop100]

10.27，，，，，

[ex-trader]

It's correct that 10k BTC equals 0.025 BTC/share, but I don't think you can't conclude that this justifies only a shareprice of 0.025 BTC, because the implied value is much, much higher.

I didn't. In fact I made to reference to my view on price. My comment is simply that changing the NAV for a few stored coins (10k vs 50k) shouldn't change the price significantly - it's all about earnings.

[data]

I don't know, the more was kept back, the better earnings asicminer had. So that could very well be a deciding factor. But you are right, just having a few more coins on hand would should not make a difference.

[heropzy]

cheer up, AM

[lophie]

cheer up, AM

Echoes in the valley, Still the promised update is yet to come, Reminds me of http://www.youtube.com/watch?v=yWGVRxJOKw8

[David Chen]

where is financial report

[lophie]

So the price got pumped over nothing....... Can't wait till it falls to 0.4 again -_-

[Pompobit]

So the price got pumped over nothing....... Can't wait till it falls to 0.4 again -_-

nice try 

[Strange Vlad]

So, today is 27.10 and the time in China is 21:09 (that's 10/27 and 9:09 PM if you are an American )
I hope we'll see the report in the next less than 3 hours.  Friedcat's working late, he sure is a busy person...

[Zubilica]

chill

[lophie]

So the price got pumped over nothing....... Can't wait till it falls to 0.4 again -_-

nice try 

I am a sucker for drama, sue me

[lophie]

JUST FYI, FC logged in half an hour ago then loggedout

[Lincoln6Echo]

Maybe Friedcat posted the report in the chinese subforum