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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by Albertan22on Feb 23, 2017 12:52pm
260 Views
Post# 25883776

RE:RE:Higher

RE:RE:HigherStocks are weird -- they're like a large mass-action problem.  If all of the people who held a stock decided not to sell it below a certain point, the price would rise to that point (so long as there was a buyer there).  The problem is, we have no way of communicating with each other, and even if we did, we have no reason to trust each other.  The stock finds its equilibrium at the point where the number of weak holders is equal to the number of determined buyers -- it's the combination of the marginal holder and the marginal buyer that determine the price.

But that means that any time the price goes down, you could look on it as a buy-side problem as well -- not enough demand.  The issue isn't only those of us who own ICG stock, but the much larger group of people who don't.

Another way of thinking about it is that there are probably a lot of people who bought Integra 6 months ago, when it was between .85 and .96.  Many of these were probably new to the company, saw it run up, checked out some stuff like the fact that the PEA was going to come out in September and blow up the price -- and they've decided that it's a dog.  Now it's close to where they came in, and they're ready to get out and put their money in something else.  ICG probably looks totally different to you, since you've been in since it was 18 cents or something.  

I did this very thing with Tomagold, I'll get rid of it as soon as it gets within tagging distance of the price I paid . . .  
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