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Thanx very much, i-like-bb-stock. I did not get that and I'm not familiar with PAYD.
That said, since a look at the reputation you have on ihub tells me you are a well respected & experienced player over here, can you explain to the rest of us what you expect the outcome of this to be, based on the many years of experience, which I assume means this is a circumstance you've been through before? Assuming you've been there, done that, gotten the t-shirt, what's next for FVRD?
A.) Do we believe the company when they say they had nothing to do with this?
B.) And what remedy does FVRD have with OTC?
C.) And is it true that you have not seen this kind of reaction to an email from PAYD, which you say they send regularly?
I mean, in reading it, it does not look even close to crossing any kind of line. I get, and discard, emails that are much worse than this every day. It looks to me at first glance like PAYD simply sells DVDs & materials & subscriptions & uses "good ideas" that they come across to bait the hook to get people to buy stuff. If thats wrong, what about it IS a violation? Getting paid for promos is one thing. Simply finding good ideas & trying to sell your ability to repeatedly find such ideas.... thats pretty 1st Amendment, if you ask me. Or are they a $$$$$ for promo shop in actuality?
Summarizing, I am asking this:
What is there about this relatively simple little email blurb that the OTC thinks raises the stakes to a level where this kind of drastic action has to happen? Any ideas folks?
Just wondering about these question out loud & hoping someone can weigh in with some insight.
THNX
Imperial Whazoo
Cool & thnx. Yeah, now I'm beginning to trace it down . Seems that there was an email promo that the company is denying they had anything to do with. So, does anyone have a copy of the email? Anyone on this board receive it and could anyone post it so the rest of us can take a gander at the offending email for ourselves?
Thnx to anyone with that email that they can share. Again, please do. I did not get sent that so I'd like to look at it myself.
IW
Pardon my ignorance, but whats a "CE"? i got on this morning & there were far too many posts on FVRD to catch up on so could you or someone else tell me what a CE is & link back to the start of the thread on whatever CE is? THNX
IW
You said it well. And looky looky! Bitcoin @ $9947. Me thinks it HIVE.V is up in conjunction with the rise in ETH & Bitcoin prices. Seems to me that lots of folks are voting with their wallets regarding the viability of cryptos vs that of traditional World Bank & IMF styled fiat currencies.
IW
Traded out as the charts predicted. Job well done, chart!
It pulled back last week to the gap of 10/20/17. The stock started trading 9/17/17 & so it is a really new issue when that gap manifested on 10/20. My theory was unsupported by evidence because I've never seen anyone do a report or paper on whether its OK to ignore gaps that are in the first month of a newly trading issue.
But I was of the opinion that the gap was not needing to be filled because the stock is a new issue & gaps are abundant at the outset of trading. My experience told me to guess (60/40) that the gap would not get filled, but it could have gone either way & I'd not have been surprised.
So, the stock pulled back into the gap but did not cross over it and fill the gap. Bitcoin & ETH took off over the weekend & so the best crypto stocks moved up sympathetically. HIVE.V is one of the best, if not the best, right now IMHO, so it followed crypto currency prices up.
Simple T/A. Works well.
As for the top range.... the price that it needs to break through is 3.14 from 11/16. In fact, it could test & fail if Bitcoin & ETH do not continue to rise, or all of the best crypto stocks could also chase the big moves in the currencies since a lot of them have some catching up to do. We'll all have to watch volume at the 3.00 to 3.15 range for this stock. Volume will be the "tell".
If it breaks 3.14 & pulls back on big volume, the sellers are in control. It may push up and then the old resistance will be the new support. Long term, thats what should happen because this stock is the best crypto out there, IMHO.
And I expect that they will generate some kind of income statement on or around the 28th, since thats the date that you see on SEDAR that they reported on in August.
And if they actually are operating a mine in Iceland, the numbers they report should do wonders for the price.
Thats my opinion & my take on things. Could be wrong and never buy or sell on any blogger's opinion, least of all, mine. We're all just human beings. Keep that in mind.
Best of luck to everyone.
Imperial Whazoo
Mornin' folks. Looks to be a fabulous day. Bitcoin @ $9725 & ETH @ $480. Ought to cause stocks to do well.
Now remember, folks, don't forget that, to make money, you don't pick a company. You time your trades. When to buy. When to sell. Position sizing. Technical analysis. HIVE.V should do well but time your entries & exits to make the most of the stellar rise of crypto prices over this holiday weekend. Time your trades carefully.
Learn to read the technicals and time your trades. To say "I will buy this company's stock & make money because I like the people" is like having chest pains & choosing one emergency room over another one because you like the people in the business office. Big deal. So you like the people. What matters is the "heart charts". The EKG. Reading the waveform. Analyzing the data. Technical analysis.
HIVE.V should rise. The saying "All boats rise on a rising tide" is generally true & I bet its true of HIVE.V, but here's a thought for everyone: Since Bitcoin is outperforming ETH at this moment, non-Bitcoin players may not do as well as Bitcoin players. Thats what timing means. Picking your buy & sell points.
Watching and deciding when to buy is what makes the difference, not whether the folks in the business office are people you like. Use T/A and time your trades.
Peace. Good luck to all today, even to those who try to sell the nonsense that the way you make money is by liking the people in the company itself. Unbelievable...
Imperial Whazoo
Whatever.
Technical analysis works. It will always work. Volume is the key but other T/A tools work together with volume.
As for HIVE.V right now, it has too little volume to algo trade right now, so anyone trying to sell anyone else on the idea that only volume in isolation works, or that T/A is a waste of time.... anything along those lines is selling you a plugged nickle. Thats both my experience as an algo code jockey and its my "seasoned trader's" opinion. But whether someone agrees is irrelevant to me.
I post against such bad ideas in hopes that there will be some people who are open to these things. What I benefit from is stuff like the guy who gave me stockcharts.com as a source of short interest data, which happened on this blog thread a couple of days ago.
And so I do the same by telling complete strangers what I've discovered to be helpful. Fight bad ideas and try to be helpful. Thats what its all about, not ego or opinions.
Now about what I think HIVE,V will do. My OPINION, LOL.
HIVE.V should soar for 3 reasons:
1. Financials probably report this week (an assumption based on the last financial report, which was on Aug 28th). And, unless this is a scam and Genesis did not sell then producing mining operations, the fact is that there should be some income. So, with other little crypto stocks that have no existing operations soaring, it follows that HIVE.V having income will matter a lot.
2.) The inclusion of HIVE.V in a bitcoin ETF, however small the ETF company is, is major. It matters to be the "firstest with the mostest".
3.) There is a futures product that will begin trading Dec 11 and this makes HIVE.V worthy of attention because of points 1 & 2, above
Between these 3 things, and the general ZOOM in anything crypto, this puppy should soar. To figure out when this will happen, you need to use t/a.... but then, that falls on deaf ears with some folks, so....
Whatever.
:o)
Imperial Whazoo
I'm glad I did not buy the 11/14/17 hammer. It looked pregnant for a buy, but the gap proved to be a bigger magnet than the hammer. Vol on that hammer day was 900K and vol today, a half day, was over 600K. Not good for anyone thinking the gap won't fill. I also point out that the doji today is important. Often, a doji is in the mid point area of a move, so if the doji is weighty, its realistic to see price close the gap, plus a little more down to boot. I hate holiday trading. Stocks like HIVE.V are too easy to push around when there are few people watching.
Imperial Whazoo
Wait a minute there....
My questioning of whether the Oct 20th gap has to fill is what? Is it an assertion that gaps always fill or a question about whether they always fill?
Its the latter. I'm obviously raising the question of whether gaps always have to fill.
And as to whether algos rule the world, the reason I can discuss these things with a different conclusion that you is that I've coded autotrading algos... almost 5 years so far. I was a code jockey primarily doing high end multivalue databases for many years before, but coding for real time autotrading algo systems is where I've coded most of the time for for a while.
I write in a proprietary environment that uses a high speed cached big data back end that sucks the data out of a socket that is coming in from an aggregator in an encrypted, proprietary format. I parse it in next-to real time (our servers are not in New Jersey, so we acknowledge that we have latency issues).
And the reason I'm incensed about the idea that I'm not balancing the importance of volume vs other indicators and/or other technical analysis tools is that the chief component of my trading solutions is VOLUME.
And respectfully, you are incorrect in the idea that technical analysis is errant these days due to dominance by algos. Volume based technical analysis is the only worthwhile approach to comprehend the OTHER indicators, which are not to be jettisoned or ignored, but rather, they make sense.... they are understood ONLY in the context of volume behavior.
As I posted in one of the posts you apparently did not read, the thing that matters, in any chart that has sufficient volume to bother with, is where volume happens.
If you treat the charts as a waveform fractal, you can watch the volume at the peaks of the intraday wave forms and at the valleys. The short term swings line up exactly with volume behavior. Simple as that. The location of volume "inside" or "related to" other technical indicators, allows the technicals to explain themselves. Volume allows the technicals to explain their meaning.
When I was on the floor of the old board of trade, I could close my eyes and listen to the sound of the open outcry traders in the various pits and, in perceiving the outcry volume characteristics, it was clear, without having to verify against tickers, whether there was buying or selling dominating in that pit at that moment.
Volume isn't a histogram bar along the bottom of the chart. Volume in real time charts is open outcries manifesting in a data feed.
So, if you parse data coming into a socket and analyze it for "interesting" events, with volume being the most important of several other tools, you have a very high percentage chance of making a profitable short term trade.
Now, to the heart of the issue of whether algos direct trading in HIVE.V, thus negating the usability of technicals, I suggest you rethink and retool. There are surely traders who are pros trading HIVE.V, but its a tad new and a tad thin to use algos on yet.
HIVE.V is a bit thin for autotrading. If HIVE.V progresses to become a stock that is recognized as a key player in the crypto mining world, which I think will happen in the upcoming year, I expect volume to grow to where it can be a reliable timing tool for algo trading it.
Right now, a major fly in your ointment is that algos can't yet autotrade HIVE.V. Its too thin. Algos in MSFT are one thing. Algos in HIVE.V..... not so much.
I think pennants and Fib numbers and hammer candles and gaps and so forth.... all of these being technical analysis tools you lack faith in... I think they do not deserve to be repudiated. They need to be understood in the context of volume. And since algos are not relevant to HIVE.V yet, use volume together with certain indicators and you will be able to time your trade.
Imperial Whazoo
Mine did great, sir. I bought it at 2:30 yeaterday and swung traded it today for an 80% gain. It was up 120% for the day at close, so I could have maxed out even more, but the pigs are the ones that get slaughtered. I like making my own decisions because it makes me less dependent on unknown parties. I didn't even have to be led around by someone else doing my thinking for me.
:o)
IW
Have you even noticed my numerous prior posts on this board about volume being the only real indicator that is worth bothering with?
Before you lecture about a mistake in the way a technical indicator, such as gaps, is being looked at, you might take a moment to notice that numerous posts were previously made on this board, by me, that talk about volume being the only real key to understanding what is going on with the trading involving a stock.
So, here's a thought to try out on you: read the thread I've posted and notice that I place volume atop all other technicals. Then read my other posts, in particular the ones about gaps. When you do, you'll stumble on something telling regarding the conversation I had HOPED to arouse about gaps.
I raised a simple question, which you appear to be oblivious to having been asked. I asked the following:
In the case of a gap that happens close to the day trading in a new stock starts, do such gaps need to be filled or are they an exception to the rule that everyone who has traded for any length of time ought to know, which holds that gaps tend to get filled?
In addition to not bothering to read my thread on VOLUME, you appear to not have noticed that this thought was sent out into the ethers. It appears that the only answer I'm getting from you is a lecture about a mistake involving gaps that I'm not making.
The idea is simple. Gaps tend to get filled. HIVE.V has a gap October 20th. Trading started a mere month prior to that gap. New issues tend to trade thinly and often, they are choppy. Choppy, with gaps. Kind of an expected thing. So, my thought was that PERHAPS, the gap on Oct 20 was not to be treated as necessitating being filled.
Thats what I wondered about.
I'm wasting my time posting. I've gotten fabuloous ideas from several people because they respect ideas and give out novel ideas on their own, but not even bothering to read the thread is not the same as engaging in conversatioon, is it?
Imperial Whazoo
Hey folks. Don't let anyone folks convince you this is some kind of scam pum-n-dump. Just put your common sense thinking caps on for a second.
Check the FACTS out, people!
Here's the latest news release from HIVE. I QUOTE FROM THE OFFICIAL PR:
'mornin...
The fact is that gaps get filled. Simple reality. The sun rises in the east & sets in the west. When lightening flashes, thunder follows, 1 plus 1 is 2..... and gaps tend to get filled.
I believe that its best to get the garbage out of the way so there is no necessity of retracing back to address an unfilled gap. So, if this puppy is going to be part of an index that becomes a tradable ETF on 1/15/18, then the gap is not sitting out there... looming in the background, a threat that hovers like a storm cloud.
Get the gap problem behind & then good news like the opening of server farms in Iceland & Sweden, and the December financials, and the ETF in January.... They can generate interest and buying and the upside is not in need of a retrace to deal with an old gap.
Thats my thinking.
And also, today is a half day on thin trading. Easy day to push a small stock around a bit.
Imperial Whazoo
Cool. Thanx.
I have this one
http://highshortinterest.com/all/
and this one
http://www.wsj.com/mdc/public/page/2_3062-nasdaqshort-highlites.html#shortG
I was unaware of the one ou point to.
Thanx.
Imperial Whazoo
Whats that in terms of percentage? And where does that number come from? The only sites I know (2 of them) don't show PRELF.
EDITED: 17.5K block just went. Some cunning folks waited all day to buy near EOD. Put in bottom? Maybe.
IW
Touched top of gap. 2.20
Friday, half day. Cryptos trade all day every day & the US markets are the only ones w/trading holiday. HIVE.V is open & full bore so whtever happens on HIVE.V will be mirrored over here, only the differential in traded days (Thursday & half Friday) may make for an additional gap up or down on Monday. We'll see.
Any votes on whether they push it unnaturally up or down on thin volume?
Imperial Whazoo
Great link! Thnx.
The shares in that post were 546048 fewer than today (8288337 today)
So, there has been a 7% increase in shares and a 97% increase in Bitcoin prices. So, assuming 97% up in Bitcoin, the estimated price would be 97% higher, 0r approx $4.77. Then there is a 7% increased dilution in shares available, so lets knock that estimate back by 10% just to be conservative, and that $4.29 per share, or to be safe, lets just say $4.25/ share.
I do not have a problem with that!
Imperial Whazoo
Thanx vely vely much 4 that. Excellent link.
And here's a noteworthy item, I'd say; From that PR:
"Upon a timely delivery and full deployment, including an installation and setup, BitcoLab's Bitcoin mining operations are expected to generate approximate $1.1 million in annual revenue. Factoring in the general expenses including electricity and hosting, EBITDA from the Bitcoin Mining Operations is projected to be at $750,000 thousand per year.
.....With the recent market price of $4,250.00 per Bitcoin...."
OK, so Bitcoin hit $8375 yesterday. Thats $4125 higher, or in % terms, 97%. For simplicity, I''ll use 100%.
So, electricity is 350K & revs are 1.1 Million. So, thats roughly 1/3 of revs.
At $8375, electric would be the same cost for the units already in the numbers recited in the PR. So, assuming the 340 machines they intend to deploy, just to be conservative and give place in the thumbnailing for unexpected expenses, 340 is a little more than 2X the 160 count. So, I'm going to use 2X as my thumbnail for machine count.
Thats 4.4 revs and 700K electric, and also I'll use $400K for new hardware costs. I'll double the elec to 1.4 mill to cover the double # of machines.
Thats 4.4 mil minus 1.4 mill elec - 400K = 2.6 mill per year.
I know thats really sloppy, but I just threw it out there. Even plus or minus a chunk of change, this is a wildly profitable operation.
Imperial Whazoo
Sorry to be thick, but I scrutinized the web site & did not soo a 500 machine number. Could you link to the basis of this info please?
Thanx.
ImperialWhazoo
Every time I trade using Fib levels, I see certain behaviors. For example: if price bounces off the 618, it ususlly goes back up eventually. Actually, it looks to me like it is best statistically for it to hold the 382. The next level, the 50, is a little worse than the 382, but not as bad as the 618. But if it punches through the 618, it goes to the 786 and it generally does a full 100% walk back.
This baby needs to announce the mining activities in Washington State.Thats what the big players want to see: activity in mining farms.
I personally believe the reports that MGTI is in place in Washington state, and I believe they bought a boatload of new ASIC power, but until management tells the world about their real situation as regards mining, price will probably languish. Sad to see a company so unhelpful as regards telling shareholders usable info. I'm used to being treated horribly by the management of these little companies & I can say this: having been abused by the management of a lot of little companies, if I were at the helm & if I was NOT trying to feather my nest as my chief priority, I'd be so open about what was going on that I'd make headlines in the press simply because of my openness about what was going on. I will never grasp why all these little companies act like such miscreants. Just tell your shareholders what is going on and you will be the benficiary of the good will of the investment community in general Duh!
They need to tell the world what they are doing as regards minuing in Washington State.
When they fill us all in on that, I bet the declines will stop and this puppy will get back into play.
Thats my feeling. Just my opinion, but its all I've got to go on since the management is refusing to be botherd to tell any of us anything that is actually useful.
And, as regards whether $1.44 will be hit, I am not going to do a price prediction. I use Fib lines to GUIDE the generality, not to day trade a stock. Its too imprecise, in my experience.
My message: announce mining info & this puppy will get out of the basement.
Thats all I'm willing to say on the subject.
So, MGTI management.... get info out and do it soon. We trusted and bought, so pay shareholder back by opening up with usable info.
Imperial Whazoo
ADDED/EDIT:
IMHO, we don't need any PRs making promises and predictions. We need to know how many machines they operate, how much per day they generate, and a roadmap for growing their mining operation.
Thanx. No biggie.
Well, they took it down to that support line. Lets see if the support line holds.
I wonder.... do you think that a gap that is near the open of trading, (we started trading 9/17), behaves like a gap that is in the midst of a long history of trading days? The latter type almost always eventually gets filled, but what about newly trading stocks like PRELF? Does the nearness to the initiation of trading negate the necessity of a gap getting filled? I can not come up with a practical way to test that.
My thought, usually, is that there are guys who are professionals who are trading using things like Fib retrace levels, Gartley patterns..... such things. I learned I can put tools like that up on my charts.... a 20 day MA or a 9 day EMAs, Fib retraces.... Gartley butterflies.... that kind of thing....
I've recently begun fiddling with the Ichimoku cloud charts but I can't figure out to make it applicable to day trading. Still, its facinating stuff for longer term holdings.
Also, since the base stock is HIVE.V in Canada, you can put that chart up and it is a basic guide. I don't think PRELF leads HIV.V yet. In time, the size of the US market appetite may cause the US to lead, but its too early to say yet.
And I find it to be essential to think it through as though I am replicating what is on the professional trader's charts. That way, if they are trading Hammers or Gartlerys or Fib retraces or 9 day EMAs, you can see how the actual trading comports to these various chart tools.
Anyway, its a low volume day, which allows them to push this stock price around.... we will see.
Have a blessed Thanksgiveng.
Imperial Whazoo
Thats the fundalmental traders question, isn't it? I mean, why do Fib numbers work at the 618 or 382? Why do gaps get filled?
I favor the theory that volume is the tell. Problem with thin days like today is that its easy to push stocks around on thin market days. So.... PRELF volitility high an gap gets filled or volatility low and resistance line holds? Watch the volume and in particular, watch where it happens. Wish we couls see short positions in something resemblin real time.
BTW... as of this minute, Bloomberg is talking about crypto's right now & the gist of it is that the floodgates of mainstream cred will open once the futures contracts get goiong. The panel weighed in that ETFs will follow & then, mainstreamed recognition of cryptos.
And guess who is reportedly going to "speculate" publicly about BoA entering the bitcoin futures game? Good ole "I'd fire any trader of ours who trades bitcoins" Jamie Dimon! Can anyone say "I like eating crow".
Imperial Whazoo
On the other hand, open a chart and draw a line connecting the tail of the hammers on 10/27 & 11/14. Thats an upwards sloping support line, or it very well could be.
I'd say that support is at that line, which did not get broken today. So, IMHO, if this line does not get broken, the gap back on 10/20 will not have to be taken out, but that gap will get filled if that support line does not hold.
This being such a new company, its not realistic to expect "knock it out of the park" financials, but then again, how often does a start up begin showing financials that even come close to being OK.... how frequently does a new little company show good numbers this fast?
That and the fact that its slated for inclusion as one of five companies comprising the index.
I'd be happy if there was a quick smash to take out the gap and then it got that out of the way and the decks got cleared for the excellent news events that are stacked out in the near future, one in line after another....
CME future 12/11....
ETF opening 1/18/18....
mining server farms opening in Iceland & Sweden next month....
My vote is: crash to the gap and get the chart issues out of the way. Clear the decks.
We'll see.
Imperial Whazoo
Tres Bien!
Looking at the chart, it may be that the natural chart event that is needed is for the gap from 10/12 to get fillied. I had a sneaking suspicion it was in need of filling because charts always like to have gaps filled, and the sooner that problem is out of the way, the better, IMHO. If thats the way this hand is playing, then I say "get that gap filled so that its not sitting out there, lurking."
Thanks for keeping it civil & helpful.
Imperial Whazoo
Added thought: It seems a tad incongruent for there to be an article on an inflation web site that references HIVE.
OK anybody know what NIA is? I couldn't get a civil answer from some poster with a grand total of 100 posts and zero followers, so would somebody please be civil & tell the rest of us who NIA is and why it matters?
And for that matter, IF it matters
Thnx to all the civil folks. Lets try to be helpful to each other.
Capiche?
:o)
Imperial Whazoo
Thats all nice an good, but looking at that post still does not do anything except refer to three initials... NIA
So, again, what is NIA?
Not some former post referencing three initial but:
What is..... wait for it.....
NIA?????>?
Capiche?
IW
What or who is NIA?
And Bitcoin is doing the same:
It just hit $ 8098.62
Imperial Whazoo
Cool. thanks.
IW
Pretty amazing. There are a whole bunch of these in Fidelity; Series A through Series T8. I haven't counted but it looks like 35 or 40 of them.
So, did Frank tell you which of these owns HIVE? One of them or some of them or all of them?
Imperial Whazoo
Yep. I kinda think the question of how to value this thing is covered by that post.
Imperial Whazoo
HIVE is not selling any coins or subscriptions or anything else to anyone. They own mining server farms that they are buying or have already bought.
So, the first correction to be made regarding your question is that they do not sell anything and as such, do not have any vehicle through which they could charge fees.
They mine coins that are generated using GPUs rather that ASICs (GPU = ALT coins & ASIC = Bitcoin), and they hoard the coins that are created. As regards price appreciation on the coins, their costs are not coin prices. Their costs are their mining costs (basically, business operation costs which mostly involve electricity costs).
By the time the unaffiliated ETF that Reality Shares filed about begins trading January 15, 2018, HIVE will have 4 server farm sites that they own and operate: two in Iceland & two in Sweden. Genesis is selling them to HIVE & retaining a 30% investment position in HIVE.
So, HIVE has no need to charge fees because they only generate income from mining itself & they hoard the coins their GPU horsepower creates.
Hope that helps.
Imperial Whazoo
Here's the link to SEC's Edgar showing the filing,
https://www.sec.gov/Archives/edgar/data/1573496/000114420417055803/tv478375_485apos.htm
Notice the checked item on the face of page 1, in the bottom left hand corner of page 1.
It shows that they have leveraged a rule called Rule 485 (a)(2) that apparently enables them, upon approval, to list as a traded ETF 75 days after the filing.
The filing date was Nov 2, 2017 and this places the target date for trading this ETF as Jan 15 2018, which is a Monday morning.
So, Reality shares has filed to begin offering a tradable ETF of an index consisting of 5 blockchain related stocks & the target date is 1/15/18
Imperial Whazoo
Ya read my mind.
Like a minute ago, some guy had been camped out for about 15 minutes bidding to buy 9300 at $2.95. His was the big obvious on the board. Trading depths can be seen by trading desks so they can see how deep it is while us poor slobs in retail can not. So the guy is camped at $2.95 and price dances around a while and guess what? Bingo. 1500 of the bid gets filled at 15:58:47 Only a pretty pathetic partial fill, though.
Like I pointed out earlier, this thing is not being dumped, The guy wanted 9300 and he only got 1500. Accumulating has its problems, LOL. But over time, the accumulators manage to build a nice position at pretty good average prices.
So, this thing is pretty predictable the last two days. If you want a nice price, wait till the end of the day and lay a bunch of modest sized orders in there at prices a penny apart and you will get filled before the end of the day..... well, partially filled, by folks who are bailing predictably at the end of the day because thats the game plan of a lot of day traders..... be out overnight, so its a lot like a tick tock clock. Its a pretty sure bet there will be day trades bailing right on schedule at EOD. The pro's are counting on getting cheap shares at EOD.
One of these days pretty soon, waiting to scalp some at the EOD is going to fail & they will have to buy up into a run up at the EOD. Like maybe on a Friday, when players want to be in a position to leverage anticipated volatility in the crypto markets over a weekend.... or not. :o)
At some point, scalping like that becomes nothing more than a crap shoot. Me, I buy the volume candles and so on. Less unknowns in my plan, thats for sure,
IW
Man, these trading desk guys are as pedictable as sunrise, LOL.
They are repeating exactly the same behavior each day, like clockwork.... as a matter of fact, right on the timeline. Like they are reading from a script. WOW!
Hey big boys..... keep on making it easy to time my buys, LOL.
Hey.... here's an idea. Take it up for chump change in the AM and sell it temporarily down every night. Ya think, maybe, LOL??? WOW.
Lovin it. Like shooting fish in a barrel, LOL
Imperial Whazoo
I mis-spoke a moment ago. The chart is a technical tool & it is clearly up. Prices fell after the news because people believed the nonsense that the news cause the chart to go into full retrace, but as to us being back to the level at the day of the news, parity with prices when news came out has not yet been reached. That said, I've bought again & I'm up, so from my point of view, using the charts to tell me what is REALLY going on, we are up since the news. You gotta time yer trades, people.
After the news, I had to figure out whether I was in a loser. So I took the time to research & to give everyone what I found: a list of very solid reasons why there is nothing to the feeling that panic was in order.
In reality, all I was doing was figuring out for myself whether I was going to have to sell at a loss or whether I should buy more at lower prices. And I figured it would help if people saw the facts I'd dug out, so I posted in detail.
Others got into the spirit of it & we fed info to the community & I now firmly believe that this thing is a mega power buy.
I read all 49 SEDAR filings. I discovered the facts. There are 2 Iceland facilities. Not just 1. There are 2 Sweden facilities. They will all 4 be online with absolutely massive computing power almost immediately. 3 out of 4 will be online before News Years day.
Somebody pointed out that HIVE is openly admitting that they would rather spend lots to bring in GPU boards by the 747 load full than waste any precious time. That was a beautifully telling bit of info.
I dug out nearly 100 companies and technology players who are sinking huge money into crypto companies of all shapes, sizes, & flavors. I've only just begun to figure out who is a player and where they got the techological savvy to decide this crypto thing was the next major disruptor.
And the coup de grace is the hammer candle two days ago. So, when I say we are up, I mean that the market has rejected the panic & is in full sprint to the upside. And I read the charts based on the DD I'd done & I personally made a timely buy, so from my point of view, we are up.
Today, accumulation is going on in earnest.
And finally, I have to laugh at myself. I knew I'd not been precise in my post & I intended to edit it. I had 15 minutes to do so, but my wife came in & a phone call & the next thing I knew, I had lost my edit chance.
So, this is my clarification.
Imperial Whazoo
i was waiting for the negatories to reappear. I knew they would, too. In the mean time, I amused myself by watching the level 2 to get a measure on the interest or lack thereof.
Unlike prior days, today's buying is marked by a steady and obvious pattern where the buys are in increments of about 800 to 9000 shares. What is unusual about this is that it is so steady. Except near the open, the spread has been tight and the entity doing the buying is careful not to be seen to be buying. They never wait long to pull the trigger. The bid/ask will move a penny up or down, and this buyer pulls the trigger at the ask as often as not.
Stepping across to the ask, people. Watch the level 2. The sizes & the buying (more frequently than not at the ask) is the tell.
Whats going on is plain: its called accumulation. The accumulation is deliberate & steady & on the sly. Somebody does not want to be seen accumulating in stealth mode, and they obviously would rather make a buy at the ask rather then wait on a penny or two less at the bid. And they are very careful to manage the size of their buys so that programs at the trading desks don't start ringing accumulation alarms.
And about all this nonsense about it taking a long time to dispose of 24 million shares, ask yourselves whether a company that is flying 747 plane loads of AMD & nVidia GPU cards in so that they don't have to miss even a second as they finish out their second Iceland facility and their two facilities in Sweden.... Are they dumping prices or are they running like Olympic 100 meter sprinters to get producing hardware up?
What kind of jack legged nonsense is it to insist that the availability of share means people will dump shares, as though the only possibility for people with newly available shares is to rush around like they are on fire and dump them at whatever price they can get?
It makes better sense that these shares is being sold into the accumulation that is going on & not a dumping into declining prices. If there was a rush to snag profits, prices would be on the decline.
They are not.
IE.... the market is absorbing rather handily these newly tradable shares.
Is the price declining in the week since available or is price up from that day?
Up.
Duh.
Imperial Whazoo
And when the CME does it, look at the instant reaction that is rippling through the rest of the world's investment centers:
http://www.reuters.com/article/us-investment-summit-man-group/man-group-says-bitcoin-futures-would-draw-it-toward-cryptocurrencies-idUSKBN1DE232
And amother nerws item this mornog:
https://www.coindesk.com/squares-cash-app-pilots-bitcoin-buying-and-selling/
And on and on and on....
Train is picking up steam & roaring down the track
ImperialWhazoo
Not necessirily. All I was doing was pointing out the check box choices the ETF company deliberately made in their filing.
And also the purposful timing. They made darn sure they got the filing done with a specific Monday morning in early Jan 2018 as the day all the talking heads on FoxBusiness, MSNBC, Bloomberg, CNBC,WSJ, Barrons, Investors Business Daily, USA Today, New York Times.... you name it..... would saturate the airwaves with yakkity yak about the new and disruptive thingy.... BLOCKCHAIN going ETF/public.
They got it done with a Nov 2 date on it, 75 days out, so it opens for business IF IT IS FINRA or SEC approved on a cold grey day, on a new Monday market day in early-January, 2018.
Have a plan, entrepreneurs. Have a business plan & execute that plan.
So, IF.... a big IF..... but hey, this disruptive technology is going to steamroll, and if it takes a bold move by a tiny but ambitous ETF company to break ice on this thing.... My best to those guys. Swing for the bleachers. Knock the skin off the ball. Knock it outa da park!
IF..... a big IF. As for me, I think it will happen.
Mikey Likey!
Imperial Whazoo
Nice detail find rjunior79.
Now we're cooking with gas!
The filing was dated Nov 2, 2017 and according to that link, there is a rule 485 that they can leverage to get an ETF in place in 75 days from that filing.
Here's that portion of the SEC filing:
"It is proposed that this filing will become effective (check appropriate box):
¨ Immediately upon filing pursuant to paragraph (b) of Rule 485
¨ On (date) pursuant to paragraph (b)(1)(v) of Rule 485
¨ 60 days after filing pursuant to paragraph (a)(1) of Rule 485
¨ On (date) pursuant to paragraph (a)(1) of Rule 485
x 75 days after filing pursuant to paragraph (a)(2) of Rule 485
¨ On (date) pursuant to paragraph (a)(2) of Rule 485"
So, by my calendar, the date they are aiming at is Monday morning, 1/15/2018
Nice if it happens.
Suppose this will cause interest in HIVE to skyrocket?
Mikey Likey!!
And remember boys and girls.... in December, the CME is planning a cash settled futures contract.
HIVE may hit the bigtop.
ImperialWhazoo