SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Technology Stocks : OSTK, the morph towards blockchain
STK 21.44+0.3%Sep 16 4:02 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lawrence Burg who wrote (2)2/8/2019 8:57:24 AM
From: Lawrence Burg  Read Replies (1) of 4
 
Of note here, is my suspicion that there are people aware of upcoming developments. Notably the GSR capital deal/infusion/vestment, that was postponed from December, leading to price crash, to 28 Feb.

2 weeks ago, on a Friday afternoon, OSTK saw a volume flash and move from the $13s to $15s, counteracting most of a January slide. It coincided near the close of a bitcoin conference in Miami. The lighthearted assumption was that CEO Pat Bryne, et al., made it to happy and let some things slip.

trading peeled off early next week 22jan+, but heated up again running into a Chinese Blockchain conference where GSR was speaking. SPike ensued near the end of that one.

What's the point? while this is all unfounded conspiracy drama garbage, it may not be false. It makes sense in some ways, that this very volatile industry (like the bitcoin bubble) sees sporadic, very emotional buying. squashing rumors and the p-a price behavior/trading seems to mirror that.

I would also point to the most serious spike,Wednesday 6f19, around 1430. huge volume, from ~1M goes to 4M shares by 1500, followed by another 2M through1600. with the price holding.

momentum and rumor was totally refuted by an aftermarket PR which said....absolutely n-o-t-h-i-n-g. Total cya for the market behavior. so...Hollywood here thinks what? some news got out and prompted $100M to change hands in a matter of 90 minutes. not an idle event.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext