As I said the declining wedge is a bearish indicator. Insiders will receive $6 per share following the commission and they know that is a good price. Earnings are down since the last PO that netted them $5 per share after the $.25 per share brokerage fee on that one.
DJ
Earnings are down, not up. They had to borrow the $5.5M in cash to make the year end dividend. This company is a fraud.
The PP speaks for itself. I do not see a rebound like the previous PP had. These insiders are just plainly dumping.
UPDATE: Sterne Agee Initiates Coverage on Cray With a Buy Rating on Expanding HPC Market (Benzinga
JASO went up over 70% yesterday with no significant short interest invloved. How much will GTAT pop once 41,000,000 shorts cover????
Look what jaso did yesterday !!!!!!!! Gtat will go more than jaso due to huge short covering !!!!!!!!!!!!
GTAT has a chance to pop higher due to 41,000,00 short shares that need to cover. DO NOT SELL TOO SOON. The move could be enormous.
Check premarket on GTAT. JASO ran up 70.39% yesterday. GTAT can run higher due to 41,000,000 shares held short that will be forced to buy to cover. GTAT is ready to pop !
JASO up 70.39% yesterday. Premarket GTAT ready for the same spike.
It is set to follow the same spike this morning. Check prmarket sales ASAP. Notice GTAT has over 41,000,000 shares held short & could explode more than JASO did yesterday. GTAT earns money as opposed to JASO that loses money.
DJ
GTAT could much more easily run up 70% or more in a day than JASO did due to GTAT's short interest at 36% of floa (over 41,000,000 shares held short). DO NOT SELL GTAT TOO SOON . IT COULD RUN UP 100% ON ANY GIVEN DAY OR TWO WITH THE HELP OF A SHORT SQUEEZE ! CHECK PRE - MARKET SALES TODAY.
DJ
GTAT trading up in premarket this morning.
JASO lost $.85 per share in Q1 report & went up 70.39% yesterday & now 21% up from yesterday
s close. GTAT is worth 2 to 3 times as much as JASO per share. The rise in solar related stocks is relentless. In the case of JASO, the investors are currently insane. Jaso currently has EPS = - $32.49 ( LOSS)
Price confirms that today & days to follow.
Shorts will have to cover . This sector is hot as the sun.
Some buying to cover very possible. GTAT is next.........
GTAT will go much higher. Sorts are sweating & ready to cover.
DJ
Impressive movement.