2-4%? No, for the month of July, gtat ONLY had 1 trading day above 0.5% of rise. ONLY ONE day out of three weeks.
Up in the morning then drift down to about 2% if nasdaq stays at the same level. Another typical day. I will be a short as long as gtat stays in this pattern.
I use gtat to hedge my other long positions now. It is even better than vix.
When market goes up, it stays, when market drops, it drops more than vix going up. Shorting gtat
Has provided incredible hedge for my long position. Shorted another 10k shares today.
3 weeks of consistent under performing compared the market has destroyed big chunk of confidence in this position.
Who believe GTAT will go over 16 by the end of this week? Looks like no one so far. There is no bid for 16 call ending this weekend.
2014 will proved to be bad for gtat. In short term I see 12s. However , I think momentum will return in 2015. 2015 will make 5 bag return. 65 to 70 by the end of 2015 is reasonable.
I hated so I shorted 90k calls and lets see what happens. I am betting 15 will be the highest for a while.
Short is so encouraged these days while longs lose money every day for 2 weeks with no gaining sign for another 2 months at least. By that time gtat may be single digit.
It is down almost every day since july 2nd with only one day up 2c. Have not found any stock goes down with that much determination. It is going to 0 in anothet month if the trend continues
Hehe, all my position is green today except for this one which I just shorted yesterday. 8-)
GTAT shows extreme negative price movement. Market goes up, it goes down. Market goes down, it goes down more. I just wish I could find more stock like this to short. The longs in this one already forgot what up look like. Shorts are making money every day and confidence is really high.
Hmm.. That must be why this stock drops 6 days in a row. what do you think?
shorted around 16.16-16.19. I know the stock was probably manipulated but it is better side with the manipulator than go against them.
wow, if you consier GLW was in free fall. Then GTAT is in accelerated free fall.
One more thing, when it is down too much, it discourage buyers and motivated sellers. The stock price fully reflect the pattern.
shorted 10k. An easy short target. never have to worry about cover at least for a month and a half. It looks like at least the market is topped. If the market is dropping, gtat only drops harder. The speed for it to drop is amazing. looks like I will make tons of money shorting it.
The problem I have is that the volatility seems to be one direction. For it to go up 10%, you are looking at market to go up 20%. Its recent price performance made it a hedge candidate for the market.
Did't you see the pattern? The market goes up it drops a little and market goes down it drops a lot. It drops 5 out of 6 days and the only up day is 2c. It is the most hated stock now.
The stock has been dropping the past 5 days (except one day of 2c up). The out look is extremely bearish. 25% down from one week ago. So I decided to short it.