I started buying this @22. When it dipped into the teens, I thought I made a big mistake. I was trading in and out. I sold some @27 and thought I would never get it back. I finally got back in with a real cost basis of just over 20 and have been long ever since. I was beating my fist on the table @30 telling people this was going to $50. Then I said someday, this is going to 100.
BUY FB!! One day, you will be saying I bought FB when it was in the low 100's.
Market Watch ran an article about a short who went to bed with 34K and woke up with a 153K margin call. He's online now, begging for crowd funding to pay it for him. These are the guys yelling TIMBER and trashing longs who invest. They hate Obamacare, but now he wants stupiditycare because he's stupid. He wants you who invest to see companies grow to pay him for hoping they fail and people lose their jobs/homes. If he make 180K overnight, how much would he give a family who lost their source of income?
He would be on a message board yelling TIMBEEER.
I am losing faith in this and F. I bought to take advantage of what I thought would be an increase in car sales. Now, they are selling more cars and gas is cheap. Cheap gas means F-150's. But the share prices remain the same. Another year? How long before cars/trucks are oversold.
Is this just the general concerns about the Chinese and European economic outlook? Now buy or wait 10%-15% lower? Long term bargain right now, but lower price is always welcome.
FB will crawl to new highs maybe around 110ish. Then during the quarter, we back and fill to the high teens. After that this will just keep going higher with the occasional pop to the upside.
Sentiment: Strong Buy
Still, I just wish they got the bugs out to make a clean launch. Now, cancellations.
These threads are just sad. This is a mega-company and these threads sound like people who could not even afford a cell phone, let alone buy an Iwatch. Good grief!
As usual, I get a thumbs down. I have been in this stock for about five years. I first bought it through one of their offerings. It had been $9 and they made an offering @7. It was a solar stock. I quadrupled my OI through buying and selling SOLR_GTAT. The management has always been suspect, imo. I have often been lambasted for making that statement.
A stupid brain dead deal put them out of business. Any way you look at it, if a deal forces you into BK you are stupid. Not you lost money, but you lost destroyed the company as it was known before you made this stupid deal. So now, I get thumbed down by probably some idiot who thinks he's going to get something out of GTAT except a share poke in the eye.
Learn. I also told people repeatedly not to invest real money in this company. I got a ton of thumb downs for that as well. Don't ever put but a small percentage into a stock like GTAT. According to your age, you decide how much that percentage is.
The stock was $11 Monday, now 82 cents. If you can't see from that that it is worthless, then I don't know what to tell you. Apple is not going to bail them out. Nobody is going to give these idiots money to get out of this mess. Nobody with that much money is that stupid.
Very strange happens. A struggling company finally files. GTAT this morning had buy recs from most firms. I have followed this stock for years and now it's worthless. If this happen back when it was bouncing around between 2 and 5, it wouldn't have been a surprise.
All I have in this is house money. I don't know what happens when a company bankrupts. Since it traded below $2 a couple of years ago, could it build another base from here? Or is it just over?
I'm nibbling @8. Just hard to tell with GTAT. Catching it on the way down is very tricky. Still, I would have to start buying @8. If it could build a base here, I could just as easily be happy buying back north of here. I don't think that is how it"s going to go.