Now just 18%.. seems to be a lot of (naked?) selling going on at .51. Wonder what will happen when it jumps past. :-)
You're 22% of the volume, $$$$. I also have a bunch at .51, averaged over a few days.
Ok, some reaction... you have the initial hair-raising drop, which is extremely common during these announcements, but no follow-through to short-incinerating pumping action. Just slightly down from pre-announcement though.
It is just your ticker is too slow, that's all. Invest in a supercomputer with a direct line to the stock market servers!
Interesting.. why 9.99% just shy of triggering company takeover bylaws, or what? BTW, where did you read this?
It was up 13% from the 22nd's close, and closed up something like 58%. I thought to myself, "I wish this would go down again so I can buy in and make big $$$". And now it is down again, way down. And I can't figure out if I should buy in or not.
The bullish position makes sense and is logical. GTAT can probably survive, though with heavy debt. (they probably will need to renegotiate the rates) The short position makes sense too -- it is not unreasonable for GTAT to go into full BK. The judge SEEMED sympathetic to shareholders but you never know what is really in his mind until the BK proceedings are complete.
IMO it's definitely possible for GTAT to go one way or the other. Hedging methods with options might be a good idea, if it weren't for the fact that the options on this issue are completely illiquid.
Since the Fed hasn't changed their course of action in the entire year, what makes it dovish or bearish?
Some people just like trolling on Yahoo messageboards. Wonder what the response would be if people had been killed. Euphoria?