RE:For those who don't like the stock and are shorting it...I personally follow the trend and price movement. If I think the price will go down, I will short. If trend changes I will go long. This applies to HIVE and 20 other stock that I follow. I covered my HIVE short @ $1.62, but was long in October of last year and sold in early Novemeber. I am neutral now. It's too low to short, but if trend changes and the uptrend is confirmed, i will go long. I pcik 20 stocks to follow based on their volume and volatility. If HIVE hovers around these levels for couple of weeks longer, I will remove it from my watchlist and replace it. I don't fall in love with stocks, I am in it to make money for myself.
I wish people stop identifyng with companies that they invest in. The main goal of an investor is to protect capital and make money. That's why, I find these pump posts funny. If you are down 60% you should've sold long time ago. Follow the trend, not what other people say, because nobody knows where the price is going.
Good night and good luck.
slickca78 wrote: I'm curious to the shorters out there, do you not like the stock or do you not like crypto in general and that's why you don't like the stock? If you do like crypto and see it as part of the future, i'm curious as to what companies in this space you would invest in?
For those who keep posting useless stuff on where the price of ETHER and Bitcoin etc will go and to the holders who are concern, go take a look at the HIVE corp presentation on their website. Yes, alot of it is fluff, but i kinda focus on 2 slides. One slide mentions the master service agreement they have with genesis, which i believe makes total sense for genesis. They get paid regardless. However, in that monthly NUT, also includes the electrical cost for running the rigs. That is a huge cost and one that must be considered. This cost is included in the monthly fee that HIVE pays genesis.
Second, near the end of the presentation, there is also a slide that shows their projected annualized run rate in gross revenue with the various prices of bitcoin / ether. It does show what it could look like for revenue if ETH falls to $300 and bitcoin to $3000. Now, i'm not saying anything, but it's up to you to decide if those revenue numbers still make sense. Sure it's all assumptions, but hey, that's what a company does, project their revenue.......
So now that you kow what their "projections" are for revenue at the various prices assuming full operation, the quesiton is the cost. The biggest part of this cost is the monthly nut they pay genesis. For those of you that have done your DD and there are numbers out there that talk about the monthly NUT, you should determine yourself if it makes sense.