RE:BITF Manipulating Manipulation (DANGER)On the flip side, huge buy opportunity, if you stop looking at the temporary dip on negative EPS and focus on this instead.
Aug 22: BTC = 64094$ BITF= 3.07$
Nov 22: BTW = 99000$ BITF= 2.92$
Aug 1: BTC held by BITF = 1016 (at August 22 prices = 65M$)
Oct 1: BTC held by BITF = 1188 (at today's prices = 117M$)
Though BTC has increased by 1.5, the assets of the company have nearly doubled, but the share price is down .15c. At this price, they have to sell 1 BTC less for every 2 BTC they would have sold in August to run their operations meaning their profit margins have vastly improved and going to increase their holdings even more in the future (hopefully). When this pops, and pop it will, (there's always the unforeseen), it's going to pop big. We way have to wait for next quarter's financials though and a hopeful return to positive EPS.
Also it's not just BITF that's being 'manipulated'. If it is, it's pretty much all miners that are being kept down on poor quarterly results by pretty much everyone in this industry. I don't think anyone's being manipulated. I just think the market is being excessively harsh on miners, which, again, is really just a good buy opportunity.
mho.
B