Hut 8 Corp HUT

My hope is

[tcbmill]

BTC doesn't repeat last weekend and hopefully goes back up.The USA markets are closed monday  and might being a buying opp for Hut monday on the TSE on the cheap again.I doubt they would issue a PR on a USA holiday but who knows.Opinions?

[gvixid]

My opinion is that Sue should never have anything to begin with. It feels speculation, and borders on insider information. Personally i made the mistake of buying at 6.70 on thursday, expecting the friday news would propel the stock higher. Not only was there no news, but bitcoin tanked so i'm heavy in the red. I've been in the markets for a decade and have never seen an IR spokesperson

[SecondLast]

I think she was saying they would post a new corporate presentation today, which they did. No new information though

[tcbmill]

I have to say I totally agree.When I saw that twitter reply I thought the same thing.Is that allowed? I also bought some warrants yesterday as I posted feeling a PR was imminent.Sold today at a loss. I was acting as much on the BTC rise(and greed) so I don't wanna blame anyone but it is dissapointing.Not issuing PR's is dissapointing but saying you will then not following through is worse

[LeJames]

I've been holding since Monday b/c I became bullish about BTC after it dropped to $32k, not because of a PR person's tweet. 

[tcbmill]

I suspect everyone here is bullish on BTC but it is clearly going to be a wild ride.Surely that is the main factor for miners success in the long haul.But finding that one nugget of info,a data point missed by most or better all,yes,a tweet (by the right person).A youtube video.A podcast.A story in an obscure place that nobody noticed yet can quite literally make you a fortune.Look no further than

[chucker23]

I approach this stock with the same frame of mind that I have towards btc. HODL. Yesterday all miners were a sea of red (in fact the entire market was down). My allocation for Hut8 is based on the following: - hashrate - btc holdings - mining capacity Concerns: - upgrading (keeping pace with the industry) - Q3 balance sheet Unclear about - the overall business model. But I do believe we will

[Tuco110]

Whether a NR was imminent today or not, investors should have longer than a single day time horizon. I think most here are bullish on btc and see HUT as an undervalued proxy to play the crypto market, so give it (and Sue) a little time. They didn't do a $77mil PP for nothing.

[gvixid]

I agree. Most of the big upswings in bitcoin seem to occur in the evenings and during the weekend, with capital markets closed. I assume there is a reason for this, but I have no idea what it is

[chucker23]

You bought a stock based on that? WOW!

[tcbmill]

yes.In conjunction with all the other factors I've been stating repeatedly here for the past few weeks.Way undervalued relative to our peers.Highest HODL by far and increasing rapdily in value.Other miners are skyrocketing,on news,while we languish,largely due to a lack of news. (IMO).Hoped the PR today would be the catalyst that would light the fuse so I gambled a few warrants and lost.What

[gvixid]

Well to those in disbelief that I bought yesterday solely based on Sue's tweet, that is not the case. I have been trading the stock for several weeks, and simply added to my position yesterday. But I take full blame for basing yesterdays purchase on emotion (I.e. hoping for good news) as opposed to reading the tenchnicals, which is what I generally do. However, the big point here is that the

[Rejean1]

Buy on rumors...sell on news.

[LeJames]

From Bill's phrasing, one can tell being SEC-compliant (rather than just being OSC-compliant) is very much on Bill's mind now.