Surely this will scare the Govt to back Ackman now. What an EGO. Ackman for President or he'll sue every US citizen!!!!
Agree. Especially because a bunch of technical and algo shorters jumped all over this and they will cover as soon as the volume dries up. That itself is worth a spike to $35 in days.
As I have predicted and planned - GTAT is now going to retest recent highs. Hold on for the push up to $20. If we close above this, shorts will be squeezed out and there can be a pop to $25ish. Stay tuned...
Wait for a relief rally. It will be soon. Gtat can really pop ironically thanks to the shorts who will create a massive squeeze. I predict a retest of recent highs in next couple weeks.
How does this guy get up every day and go to work knowing how horribly his fundamental analysis is out of wack with reality?
Management will not sell. Why sell a diamond at pennies to a dollar? It's going to be a lot higher next year than any premium anyone is willing to pay now.
1.50 profit next year with the huge growth to go with it - at 25 times earnings, we get $37.50 per share. Chaching...
So here's how it would work: AAPL puts in a huge order of Saphire and GTAT starts booking sales to AAPL.
So GLW today announced lower expected demand on Gorilla glass. I wonder where the demand is going? Or maybe Samsung and Apple are planning to stop production!!!
Yes, but by the same token, a bounce from the 200 dma can be bullish. Especially with so much negative drama circulating around - the sellers will dry up at some point.
I love the fear level now. It's a great invitation to start a position. Please let me add more at $72 or lower, please.