Hut 8 Corp HUT

Ouch

[stingray88]

Well who ever is looking for cheap stock, here you go.

[stingray88]

They seem to want it in this lower range. They have their PP money so I'm not certain as to why the downward pressure is so obvious. Any guesses cause I'm at a loss. The selling pressure has been going on for a few weeks now. Any uptick is net with heavy selling.

[SpeedyPeety]

[bidoux67]

I think you are right about why there is this selling pressure. Once those shares are out of the way it should be blue skies.

[CannaBaked]

I have a weird vibe that those shares are finally out of the way... atm it feels like the accumulation phase glta

[CannaBaked]

by "those shares" i mean weak hands not bitfury lol

[bidoux67]

Lol...gotcha...I hope your vibe is correct...and just need those weak hands to move on ..btc seems to be holding well...hope i didn't jinx us

[LeJames]

A common myth among HUT shareholders is Bitfury "keeps" selling their shares. A quick look at Canadian Insider shows you they only sold on a few days since late Dec and the amount  of shares they sold was not that large either if you compare it with the total volume since late Dec. Not that I'm happy with them selling. Just saying. 

[bidoux67]

Thanks for doing the DD LeJames...I was wondering how many shares they had sold and was going to do some research on it...but sounds like they may still have a lot in their hands.

[tcbmill]

seems to me it was tweeted somewhere a week or so ago that they were selling another 6m or something to finance r&d