I don't get one thing though. Why haven't the Chinese solar stocks made a meteoric ascent on those news about US Taarifs on Friday? I'd expect at least 10-15% broadly, perhaps a bit less for TSL because they were supposed to be getting a somewhat preferential treatment.
This particular line from JPM requires some translation. Of course the analyst isn't incompetent enough to think Hyperion being ready or not has anything to do with whatever comes out of the Mesa plant this year. What he really means to say is roughly this:
"momentum trading retail rabble, please get the hell out of this stock. We have positions to establish here, but we'd much prefer not to pay you off."
Looks like it worked quite well for them, too. Meanwhile trained TA monkeys are probably shorting into this based on "breakdown" and momentum on the bearish side. Even more easy money, brilliant.
please don't confuse him with facts
they were selling their shares at $3 and $4 and $5 as well so what's your point again
he has a 10b5-1 plan in place so he sells a bunch of shares at particular dates throughout the year. Apparently it makes a difference that one of these sales were at $19.
I like it how they all know what the material costs Apple coming out of a facility with unprecedented scale, made by furnaces with undisclosed specs.
there's nothing there since 27th of June. I ran an EDGAR search and the latest filing I found was from 1st of July, with the FDA approval as an amendment to the 8-K.
Their filings with the SEC (e.g. quarterly report) mention when payments from Apple have occured, but from this doesn't follow that every time they get one of the payments from Apple, they have to make a SEC filing about it. If they did, where are the filings for the other 3 prepayments specifically?
The number of times I've read "fact is..." in bashing posts the last couple of days has increased considerably. They've managed to convince themselves they're trading on "facts" now. It's a fact GT didn't receive the last prepayment, fact that there's a delay, that they received a batch of bad alumina, and fact that Apple won't have enough Sapphire for whatever their unknown purposes are, etc. etc.
GTAT down roughly the same as most of the solar sector today, and roughly in line with its beta vs Nasdaq.
Gone...? no. Still here.
Are you still butthurt over what Matt says or doesn't say? Can you please get over it? no one else is interested.
I don't care what target Matt has on GTAT any more than I care about yours. To each their own.
I don't think I've seen too many longs saying they are in since $3 because they are smart. Most admit it was luck.
I can tell you I went into this in 2012, as a defensive solar play (their books were in good shape, sector was beaten down very hard) and the Sapphire/LED angle was seen only as a sort of insurance in case the solar market stays bad for an unexpectedly protracted period, or as a bonus. I got lucky with the better than expected recovery in the solar market and with the Apple contract. It's a nice feature of buy and hold that you can fully capture gains from unexpected positive developments.
Using Hyperion for BNCT isn't exactly some thesis of Matt's, the company has made a presentation on this topic only two weeks ago. I agree it is ought to have a very limited effect on current valuation in any case.
Just one question. You write "there are obviously some issues". What makes you so confident about that? There hasn't been a shred of real evidence of a problem thus far - or am I missing something?
if ramp up is slower than they were planning for, they'll have insufficient material available at release time, which I _presume_ is in September.
Not that it's necessarily such a huge deal. It's not like the only industrial sapphire in existence is what comes out of the Mesa AZ plant. It's a matter of cost of course, and it's completely up to Apple which way they handle such a situation. Again, _assuming_ the premise of this post is even true.