Asia Broadband (AABB) delivered - as promised - by launching their global crypto/gold exchange on Tuesday, 28 December 2021.  Shares quickly retreated, tho, being cut in half by Wednesday morning trading to about the fifteen cent mark.  Some were predicting prices in the multi-dollar range on the exchange release - a few predicting even more gains.  With all that hype and with a successful exchange launch, why such a massive high-volumed pullback?

Is it the "sell the news" phenomena?  

Yes, at least partly.  I'll divert from the AABB news for a paragraph and discuss that investing strategy.  
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Disclaimer:  VFC has no affiliation with any of the mentioned companies nor with any third parties associated with any of the mentioned companies.  VFC has received no compensation for this blog post, although there may be an unrelated advertisement or two at various locations on this blog.  VFC does not offer advice or investment services and nothing you read here should be construed as such.  VFC is just a guy with an opinion and access to a computer and a keyboard; bringing discussions and ideas to the table.  #AhYeah.

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Asian Broadband (AABB) is a stock to watch as we close out the year, and definitely will be one to watch moving on into the new year and beyond.  Taking advantage of the crypto boom, Asia Broadband has developed its own gold-backed cryptocurrency, the AABBG token.  Revenues are already beginning to roll in as the company sold more than $1.1 million in the four week period ending on November 15th.  In explaining the goal of the company and its unique gold-backed crypto token, let's take the words from a recent AABB press release:

"AABB’s primary goal for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales markets of North America and Europe and expand globally to other predominant and high growth market areas. AABB embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward complete independence from FIAT currency."

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