Yawn - the fundamentals of the solar industry have not changed recently. Only bad news was SOL scrapping their plans to expand facility. Who knows why but all assume that demand must be worse than expected. This is loco - just read the latest earnings announcements of JKS, CSIQ and TSL. Don't give up your shares here.
Take a look at a 1 year chart and relax. This uptrend is not yet broken. Just market volatility. Hang in there and you'll be rewarded. Forward P/E under 10!!!
A dramatic ramp up in production requires lots of capital. Could be a pre-requisite of the AAPL deal. AAPL wants to be sure they won't have supply-chain issues on this. Don't forget that Tim Cook was the supply-chain guy at AAPL before he became CEO. He understands what it takes and must have dictated the cash requirement as part of the deal. If this is so, it's very bullish for GTAT.
Sure the Company is diluting the longs. But think of the other side of the coin - the Company is also raising cash with smartly timing it's raise to take advantage of the recent spike in price. This is real cash that it can use. ONVO is not valuable because it has current revenue or earnings. It's extremely valuable because of what a game-changing series of products it can come up with.
It would be a great entry point if that happens. But doesn't necessarily mean it will. Looks like the Citron boys tried to take down the stock earlier today with the thin trading but they hit a wall. Friday should be bouncing up again.
How's this staying so high? Just cause Buffett purchased? He only invests looking out 20 years - short term with oil dropping, this thing should be $10 lower!? Any INTELLIGENT responses?
I guess this is a business not a hobby - right Citron morons?
It was thanks to Citron's obvious manipulative so-called research report that I actually bought. A short squeeze is imminent. The company's IPO black-out period will end next week. Get ready for a number of press releases.
The Citron blog is so full of BS, there's nothing to defend. I wouldn't dignify it with an answer. The stock price will adjust back in a few more days. JUST DON'T SELL NOW! The snap back will be almost as violent as the drop.
Just read their report. It's on their website. It looks like it's written by a 14 year old! Really, is this what it takes to drive down a company stock, albeit a highly valued but REAL company? Below are some of the assertions which defy investment logic:
Citron states that the company doesn't have a business! This is a hobby
Citron has a problem that the company only sold 3 printers - as if this is a HP laserjet product valued at $200 per printer. The VJET printers sell for north of $1,000,000 EACH!!
Citron has a problem that VJET "made loans" to it's customers! Really??? So all auto-makers, computer sellers, home-builders and other companies providing seller financing are a fraud?!! How can they assert this as a serious concern?
Their report mentions that "inquiring minds at the SEC want to know" - implying an SEC investigation! The only investigation that should take place is if Citron made a profit from front-running their so-called research report which is full of factual holes and weird assertions.
COME-ON SEC - Let's have someone look at what's going on here! Our taxes are funding your salaries!
Simple answer: Greed and Fear took over. Fear is ruling now which means over-reaction on the selling. When selling reverses, it will shoot back up - at least temporarily. Also, note that VJET is the perfect short target - Huge move in a few days, very small float and HQ out of US so any Company response would be delayed. Just buy some puts on your positions and stay with them if you can. You will be happy in a few weeks.
Citron is a self-serving short seller - just read all articles about VJET in the past few weeks and check the facts. You will be amazed how Citron is manipulating. Serious SEC investigation is needed into this type of behavior. It's borderline illegal if not outright.