For the forseeable future, any rise in GTAT stock will be based solely on optimism for their long-term business prospects, not their actual financial results which will be dismal as far as the eye can see.
This company appeals to me because of the absolute killer technology they have. But that doesn't translate to business success until those technologies are further developed and the economy is strong enough to get business activity.
You could cal this the AM PM market of technology. TOO MUCH GOOD STUFF. That means in the long run they could be big. But frankly I think there is still too much risk of further downside in the short term.
I will be looking to possibly getting in a bit sometime later this year or next.
Dismal as far as the eye can see? One quarter is as far as you can see? Should see another slight loss this q and then profits the rest of the year, for a profit on the year. The worst is behind at this point. Sapphire potential for mobile displays, solar recovery/upgrade, other new tech... Buy low sell high. We see the upside /downside potential from here differently. I don't see too much risk here at 2.85, with potential for a triple within the year. I'm usually more of a trader but this is a buy and hold from here for weeks/months/maybe a year+.