Onnce market goes strongly green . BOOM ! Headed north to $25.
Phire: Once market goes solidly green we will eventually see the larger pop. Just a matter of patience. I like the way it looks for next week in a green market. BOOM !
It will cover it.
However,the currentlackluster general market may hinder the big move for a while.
DJ
47,493 shares + 22,729 shares . Total price $301,252 in a quick couple of seconds.
GTAT is giving us some positive movement despite general market fear. The shorts must be seeing this too. I could not short this stock & I definitely would be buying to cover today if I were a short.
Today's volume of 2,428,095 shares is on pace to be lower than GTAT's 10-day average volume of 6,732,009 shares.
The price is too low as conformed with the RSI & P/E.
WRONGO BONGO jabberwocky. Quite a solid bounce off the low today. Do not miss the JASO style pop that is coming.......
DJ
Ah.... the ichimoku Kinko Hyo cloud. You see a two week lag? I would estimate less than two weeks.
So far 3,000 shares at ask price. GTAT can do what JASO did on its 70% pop Monday. GTAT has the short interest to pop higher than JASO did.
Who knows more about the company than the insiders?
It is coming to GTAT soon.......
GTAT will pop higher due to its short interest of over 41M shares.
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????