to cover the rest of their short positions? Not making sense that there has been no rise in share price esp after the new contracts. Shorts have covered millions of shares without any upside for mos. What does anyone think about what's going on.
Take a look at the chart and short info on GTAT since June last year. Short totals dropped in half and the stock price dropped 40%. How does that happen? Maybe there are folks out there that know how to perform short attacks.
Patience is the best councel. At some point, this stock WILL move. Could it dip in meantime? Absolutely. However, the 42 city trials are well underway. Chinese govt has announced the acceleration of IPv6 rollout. Smart grid EPON nationwide rollout is underway. And company is integrating enterprise CDN and cloud platform. Don't forget iTV.cn... We need an analyst or two pounding the table. My bet: one or two earnings CCs and it happens. Is that when to buy? No, buy quietly now. What an opportunity! Downside very limited. Upside? $100 within 5 years; not out of the question, IMHO.
<<e 42 city trials are well underway. Chinese govt has announced the acceleration of IPv6 rollout. Smart grid EPON nationwide rollout is underway. And company is integrating enterprise CDN and cloud platform. >>
I wish you guys have a clue about the landscape of telecom market in China. In short, the domestic competitors of UTSI are too strong and mean, the major carriers can only afford to give UT some "trial business" in the best case. Once the business becomes bigger enough, the competitors will kick UT out of the business, by offering free equipment, bribing, the political influence and connection, you name it.
Otherwise, the stock price would not be in $1.3, far less than the cash. Patience doesn't necessary bring profit. Most companies in history disappeared, few good one left.
Beginning investors tend to speculate without sufficient knowledge, think he/she is smarter/luckier than others.