JPM is going to have to throw a lot more bucks at GTAT.
Now there are a lot of buyers in GTAT. JPM is going to have to collude with someone to stop this from going up too fast. Can they do that? Of course! The SEC does nothing about it. The SEC even comes out with a malformed reason that there is not too many naked shorts. Before the day is out they may even be able to bring it down some. They may be able to get a rumour out that there really is no sapphire in the AAPL product. In the long haul GATT will move higher. Be patient!
What does SEC mean, not too many naked shorts?????? a short needs to have borrowed shares within 3 days of execution. If not it appears on the S.H.O.report, subject to prosecution/reversal!!!!!!!!!!!!! Isn't that the law???????????? So compliance requires ZERO NAKED SHORTS!!!!!!!!
Ask Overstock CEO and the battles he had to wage/fund, because the SEC refused to............like they refused to prosecute any of the Wall Street and Banking leaders since 2008!!!!!!!!!!!!
Michael Lewis needs to write another Wall Street book.................. IMHO!!!!!!!!
they tried this already with an analyst note earlier today, it failed to bring the pps down and we shot thru $18, gap to fill above remains, and then come the $20's... JPM's analyst is a clown and a shill.