ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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

[Mausini]

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.

to those who have not been around for that long:

ASICMINER was originally traded on an exchange called glbse. this exchange went to dust and all shares held by the investors were transferred to direct shares (probably an excel table on friedcats laptop). at that time, this measure was born out of necessity. If glbse wouldnt have gone down, there would not be direct shares. All passthroughs were born to make direct shares efficiently tradable again. One reason firedcat didnt want direct shares to be listed on an exchange like btct is exactly what has happend now. As all pt shares will be transferred back to direct shares, the closing of btct DOES MEAN NOTHING FOR ASICMINER'S BUSINESS.

In short: this has happend before! It will go a lot smoother than last time. it is absolutely not worth panicking about.

[BitThink]

This time PT shares is handled by burnside, not friedcat. Friedcat does not even have our addresses. But what burnside said is "there are a lot of options", so it seems change PT to direct shares is just one possible option he will take. We need confirmation from burnside what's his solution, but apparently this issue is not on his priority list yet.

[supert]

What happens on div day?

[Rannasha]

This time PT shares is handled by burnside, not friedcat. Friedcat does not even have our addresses. But what burnside said is "there are a lot of options", so it seems change PT to direct shares is just one possible option he will take. We need confirmation from burnside what's his solution, but apparently this issue is not on his priority list yet.

Friedcast does have the addresses of PT-investors, in the thread dedicated to burnsides PT, he says that an updated shareholder list is emailed to Friedcat twice per day.

[Lohoris]

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.

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

[SOSLOVE868]

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

I got exactly the same feeling , ahead of BTCT closing , I am more confusing about my AM shares.

[VeeMiner]

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

why not just keep them? You're not providing a single good reason for selling this cheap... You will still get the dividends regardless of the actual price on the market. And once friedcat comes with Gen 2 you will be happy that you haven't sold.

[supert]

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.

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

And lo, support becomes resistance. Psychology never changes.

If it's any consolation, I had the exact same process. I had all ready to sell at 5 and it reached 4.8 (doh).

I'm holding now as I think they're cheap and they pay a dividend so I'm being paid to wait.

[Monarch]

Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:

http://erpao.info/#

http://img809.imageshack.us/img809/476/x66a.jpg

*but its just leak from chinese guy again, not official, thank you tinyfox266

Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.

[velacreations]

Friedcat does not even have our addresses.

yes he does, he gets emailed the list every day.

[puck2]

Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:

http://erpao.info/#

*but its just leak from chinese guy again, not official, thank you tinyfox266

Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.

Great... also looks like the 7 day average here http://www.asicminercharts.com/ has been pretty accurate.

[lano1106]

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

I got exactly the same feeling , ahead of BTCT closing , I am more confusing about my AM shares.

psychology is really weird. And this is exactly right after a majority of investors have gone through this process that the share price start to go up....

[velacreations]

as far as I know, AM is the only security on BTCT that has a direct shares system in place and ready to go.  They are by far the safest security on BTCT to own. 

[Aedius]

Picked up some shares. ASICMINER is definitely the safest security to own on BTCT and the recent panic-selling has made it very inexpensive.

[Rannasha]

as far as I know, AM is the only security on BTCT that has a direct shares system in place and ready to go.  They are by far the safest security on BTCT to own. 

A "direct shares system" isn't much more than a list of address coupled with share counts and someone willing to make changes to it when requests come in.

BTCT sends out daily emails with such lists to all asset-issuers, so in principle any security could go "direct shares" at a moments notice. What matters is how trustworthy the asset issuer is. There are some securities on BTCT where I trust the issuer to handle matters properly, so I've been buying budget-shares in those.