Dan, I think we have many non-believers on WS. I cannot fathom why GTAT gets no love here. Just because it has had a great last 12 months it doesn't mean it is too high. Thankfully our trump card is the amounts of short position in GTAT. This will inevitably create a massive squeeze soon. The same ANALysts who downgrade now will soon upgrade when GTAT is above $25. Go figure.
Use Bloomberg. They're not biased like CNBC. CNBC goes for sensation and headline delivery with little respect of factual relevance. Just listen to the Fast Traders, who basically are technical traders and love anything that goes up and hate anything that goes down that day. Or, Cramer whose constant flip flop on his picks is also based on the day's news. The only person I respect on that network is Rick Santelli who tells it like it is.
Agree totally. Real money is made when fear rules. If it wasn't for the program traders and HFTs, RIG would probably be in the low $40s. Oh well, you have to use the cards you're dealt. Buying just-in-the-money Jan 15 options to minimize risk. Premiums are low. Makes sense.
So it makes more sense for AAPL to buy GTAT outright to expand their margins tremendously!! Either way, GTAT stock is a huge winner going forward. Thanks for pointing this out again.
Seriously?!! You could have bought at $120 with the hope of a buy-out. Now AT BEST, the cat's out of the bag and SLXP will hover here. At worst, there is no buy-out and SLXP drops $30+ points before you can call your broker to find out why.
Great post. I guess not everyone is a blind retail long lemming on this board. SLXP at $160 was a huge sell and anyone naive enough to think not deserves what's coming tomorrow. Round-trip back to $130 is inevitable in the short-term.
Didn't you also say that AAPL will never see $500 again??!! Well AAPL is over $700 pre-split. QCOM makes way too much money to be diss'ed for this long. Tech sector allocations demand good blue chip techs with all the funds being added to the major fund and pension money managers. And with the recent run ups in INTC, MSFT, HPQ, GOOG, AAPL, etc., there will be more and more demand for QCOM with China issue being resolved. Just logic really. Stay short and see.
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.