971900+ entries in 0.683s
pigeons: On
Tue, 05 Feb 13 06:25:53 +0000 S.DICE - 1`000 bought @0.00420001 BTC
mjr__: also...the point of market making is...i will always have
the current bid and current ask
jurov: and i
think
the plan is not known... evoorhees seems
to like
to suddenly sneak in
the middle of night
mjr__: with
the ultimate goal of increasing your position, but also creating liquidity
kakobrekla: > On
Tue, 05 Feb 13 06:25:53 +0000 S.DICE - 1`000 bought @0.00420000 BTC,
pigeons: so put your market making bids in, watch
them get filled while your asks sit,
then watch another
traunch get put up below your bid
mjr__: what i meant is you can hopefully just buy and sell, higher
than rebuy again lower
mjr__: does anyone know
the
timeframe for
the remaining 4
traunches
though?
jurov: i'm really not sure,
the price is all but stable. so you need big reserve both on s.dice and btc side
to dip into
mjr__: 32.69%
to be exact
mjr__: i believe
the spread is over 30%
jurov: better
to buy anti-mining stuff like iDiffs ;)
ThickAsTh: so any week now
the valeu will drop off for it
ThickAsTh: Do you know anything about
this JAH stock on Bitfunder?
pigeons: one month satoshidice lost money and paid no dividends, and
the losses came out of next months dividends profits
ThickAsTh: i was
tryiong
to follow along but dont knwo much about
the stock
ThickAsTh: which i read was higher
than it would normally be
mjr__: not
that i know of
ThickAsTh: Are
there other stocks
that pay
this well?
mjr__: people would kill for
these returns
ThickAsTh: the stock price will be fine
too,
these shares have one of
the best dividends out
there, people will keep snatching
them up
mjr__: so i can't wait
to see where it's at in 2013
mjr__: i have a 1 year mentality with
this stock
mjr__: i want
to get in :)
mjr__: but i
think
that mp and ev are
the good guys
maximian: It's still a great deal… but now
there's a bit of a
trust issue
that might keep
the price down for a while.
mjr__: but i mean
there are so many scammers around
that i guess people are nervous
maximian: The breach of contract
thing was because
the relevant clause was a little ambiguous. We had a debated about it here several hours ago. MP cleared it up: no breach.
mjr__: he could have sent a letter
to
the shareholders with his future plans
mjr__: i suppose
that is
true
maximian: but it could have been done more slowly! I like smooth
transitions.
mjr__: when
they wouldn't know how
to read a financial document if it was written in crayon
mjr__: because
this is a good long
term move
mjr__: i
think peple who are bullish on SDICE will be happy
mjr__: so i
think
to increase
the float by 50% you need
to expect a certain amount of volatility but it will be good in
the long run
pigeons: that would be if he
thinks about it
mjr__: yes, i mean
this was 1.5
traunches
ThickAsTh: it was so close
to being an awesome move, but was definitely awkward
to say
the least
mjr__: and hopefully he can walk
the price back up
pigeons: unless he really needs
the money right
then
mjr__: i was
thinking
that he will progressively price
them higher
maximian: So
the next
tranches will be priced a lot higher
maximian: Anyway, Eric heard our bitching last night. He says he understands and
that he didn't
think it all
through.
ThickAsTh: what do you
think
the value will be set at for
the next 4million shares he's releasing?
maximian: and I don't care about giving other people
the opportunity
to get in
maximian: so he has
to consider what we want
too
mjr__: last dividend day
the stock didn't move
mjr__: lol
that is
the way its supposed
to be
mjr__: and i honestly
think he wants
to give peple more opportunity
to get it
ThickAsTh: and holding shares at
the end of
the month becomes much more valuable
than at
the beginning
mjr__: yes,
there was
too big a spread
ThickAsTh: now I know
that
the shares need
to stay at values
that are more liquid
mjr__: adjustments are
tough
maximian: for a small gambling concern
that's restricted
to just bitcoiners
ThickAsTh: it just hurts
this first
time, because it was so abrupt
mjr__: but
the yield is ridiculous
mjr__: but i would not look for return by appreciation,
to me
that is
the bonus
pigeons: the person in
the best position
to know has signaled in
the only way
that matters, with his cash,
that
the price was
too high
mjr__: while i would buy and hold it just for
the yield
mjr__: or heck yeah, i get
to double my position for less
mjr__: i bought what i
thought was a good deal at 7
vampireb: is he selling
them below
the market?
ThickAsTh: it's still riding high
this morning
too at Havelock
maximian: yes, and he should have done it
the was MP does it - buy offering
them at a small % higher
than
the market price
ThickAsTh: I have shares in all
the passthrus I
think, Havelock was easy
to unload last night,
there was no action, so I sold all my shares
there at over .70 on open bids
pigeons: it seems like evorhees is saying we were undervaluing
the risks
mjr__: so if you didn't get in, it's not
too late
maximian: the market was rational - nobody was going
to dump 1M shares at 0.0044
mjr__: it is
trading well above both first and second offerings
maximian: even
though it's within his rights
maximian: You don't expect
the owner
to black swan his own stock
mjr__: yeah me
too for now
ThickAsTh: (i'm not a mpex member, i am going
thru passthroughs)
ThickAsTh: is
there a way
to look
that up on MPEX?
ThickAsTh: and now I'm waiting
to hear back from DeadTerra as
to whether he was able
to make
the purchase for me at .0044
mjr__: how would
that work?
mjr__: price will stay
the same
mjr__: oh yeah demand is here, have a
ton more supply
mjr__: if you release
that much at
the current price, you still
tank
the stock
mjr__: i still
think
that
the value is very low
maximian: the share price was irrationally lowered on a whim by
the *owner*
maximian: that value was properly reflected in
the share price
maximian: I reinvested because I believe in
the long
term value
maximian: I reinvested my considerable dividends back in at prices much higher
than 0.0044
ThickAsTh: so it sucks
to know i missed by like 10 hours
mjr__: it's like people are saying sure
the golden goose lays golden eggs...but it just won't suck my d***
too
mjr__: oh, similar
to how a startup needs
to do more offerings so
that original investors can liquidate?
maximian: He said so earlier in
this channel
maximian: the sale was for one of
the Satoshi Dice owners
mjr__: and
the value will increase again
mjr__: as long as SDICE gets
the capital it needs
to expand
maximian: the new equilibrium will be in
the 0.005 - 0.006 range
maximian: 1M shares were gobbled up by people who had
the spare BTC, now
they're being dumped
mjr__: what would happen
to price