short term resistance has come down to 14.25 now. It looks like a big drops is coming. It is obvious that someone big trying to get out of the this position. All apple's supplier and apple is going up except for GTAT? Does it tell you something? GTAT has nothing to do with Apple.
If you are going to draw any inference from that, it is most likely that sapphire is primed for iWatch, which is why Q3 and Q4 rev are expected to make up for the rest of the year, while Q2 is bankable for the rest of the known apple iPhone suppliers.
That, is if you want to infer something that makes some sense given your comment on the other apple suppliers. However, we have no idea whether a chunk of that deferred revenue built in Q1 will be recognized in the Q2 ER, in which case you will be proved quite wrong next Monday.
Finally, for you to suggest that GTAT and Apple have nothing to do with each other is simply stupid. Start with the fact that both have openly admitted a relationship at the public CEO level.
I think once we are through this round of IPOs everything will jump back a little. That said I think there is a chance for even lower entry points as people seem to be scared off rather easily. I can only assume there is a lot of short term money in here (crazy imho, but to each their own, day traders are one thing but the hope and dream "investors" need to have the balls to weather the down days or choose something that won't give them a heart attack.).