RE:RE:this fund just bought 15% of Neptune dashnodesHUT8 is in the same business as HIVE but there was never hype around them when they became public. HUT's daily trade volume is very low because they only have 80M shares outstanding compared to hive's 307M. HUT's 52 weeks high is $5 and it's now trading at $3.61. THat's $1.40 of highs, while HIVE is $5.50 of highs. The hype and unfounded promises by HIVE's management created huge run up in price last year which suckered in gullible investor to buy in at the highs.
Of course attracted the shorters.
So now you have a lot of bagholders who use this board as some kind of intervention. They comfort each other that they did not make a mistake buying high and that HIVE will go to $10. YOu can see that if you visit other crypto boards and marijuana stocks boards. Wherever there are recent bagholders the board is busy. IF HIVE's price stays around these levels for anther 2 months, this board will become dead as well.
smoking81 wrote: Which fund are you refering to? Also I would like to know why there is so little activity on the Hut8 bulletin board. Is no one interested in that stock?