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GT Advanced Technologies, AŞ Message Board

  • djhmk2 djhmk2 Jul 17, 2013 6:14 PM Flag

    7.37M traded today!

    I'd estimate 6M were short covering today & that accounted for an upside of only $.01. When the shorts stop covering the price will fall fast & hard. The $4.90 price brought the shorts to the table in the first place yesterday.

    Where do we go from here? I believe the short covering can hold the price around $5 for another day or even two, but I just do not realistically think it will based on what happened today when 7.37M shares were traded.

    In reply to my previous post not one person on this board would admit to buying more shares over $5.
    Who buys when RSI is saying overbought @RSI 74 ? Answer: shorts are buying to cover and the squeeze was for $.01 upside today with over 7 million shares traded. The longs selling and the shorts buying today had to be close to equal if the price only rose $.01. Think about that.

    DJ

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