I'm a long and frankly, I'm happy that the weak hands and the traders with stop losses got their shares taken from them. The shares went to better shareholders.
An investor would never sell at $9 after approval what he/she hadn't sold at $10.5 or $11 before approval.
Those are settled transactions from something called a "crossing session", the orders were given much earlier, it has nothing to do with active trading in the AH.
I haven't seen it happen, but there were several news stories about it back then. Stock dropped from around $24 to $7. It all happened in about 80 seconds, first it tanked ~$22 to around $20, then MMs got completely out of the way and there was nothing left on the bid side to match against a huge stack of stop loss market orders, the manipulators got to buy up millions of shares at $10-$7 and then trading was halted. It resumed AH back at $24 like nothing happened. SEC sided with the criminals and didn't reverse the trades.
any luck digging out the EPA report he's talking about? I'm unable to find it...
just to clarify, the search I performed was made using Chemical Data Access Tool (CDAT).
I'm searching through EPAs site with Aluminum oxide by its CAS number 1344-28-1, limited to the state of Arizona only, and get only two results, both are CDR reports from different companies on different sites. Care to help us out?
That's interesting. The company was trading for nearly $7/shr before the Apple deal was announced. Since then, solar stocks basically doubled again. I don't see how GTAT would be trading for any less than ~$10-11/shr just on prospects of poly eq (DSS, HiCz) and sapphire sales right now, without a deal with Apple, without Merlin and without Hyperion 4.
If it's a margin account, you can't tell them what to do with the shares (you kinda sign away that right if using a margin account).
In a cash only account, they can't lend the shares away without your permission and they'll also offer you interest for it. With that arrangement however, you cannot sell the shares trivially since they were lent away - you need to locate shares to sell, as if you are yourself shorting.
I wonder who downvoted this... that's silly. OP made a hedge that is likely to expire profitably. Hard to say how likely exactly, but odds are probably in his favor. It also doesn't include the next ER, and Apple will probably maintain silence during this time. Minor news/PR might move GTAT, but not much, as we saw yesterday/today. Only real upside risk is if solar sector takes off again, in this particular month. Like more than 10% up from current levels.
you seem to double your position every 1-2 weeks from past posts
1) you've got a way to increase available funds at a geometric rate - if it doubles every 10 days, don't know why would you even bother investing in GTAT.
2) you didn't ACTUALLY double your position so many times
3) you sell a lot of shares in between those "doublings"
As for the third option, trade this all you like ofc, but you seem so enthusiastic about the company or the stock at times, it's just odd that you'd prefer to trade this rather than hold.
I mentioned this earlier, open interest on the calls you specified is 1,152. There may have been a round-trip transaction with them for whatever reason, but in any case call/put interest related hedging isn't what is moving the stock . The amount of open interest (both calls and puts) is lower than it was last month, and most of it in strikes $18 and less.
where do you see those numbers?
I'm getting OI of 1,152 on $22 July calls.
Anyway, they have a slim chance of going ITM and their price reflects that.
It is known Hyperion machines can be sold, but they need to develop their sapphire laminates process fully before that can happen. I believe they are working on that with a partner called EVG in Europe. Though the laminates have all kinds of applications outside of smartphones or consumer electronics in general.
no, your post is wrong, GTAT is not permitted to sell material or furnaces to any other SMART PHONE VENDORS besides Apple. Please read their MDSA with Apple.
The 50% figure is still important, as it goes near or exceeds 100%, they'll have to solve the energy storage problem to fully utilize the output. If they can't or if it's not yet economical, this will put a cap on further demand for solar energy in that country. Everyone else is so far behind those numbers though, it's only an issue in Germany, at least in this decade.
there might be other announcements to move the stock though. In general condor is a PITA to even build in the first place (4 legs are a lot of fees), and I have no reason to expect volatility to be less than expected - a short-volatility trade like IC doesn't make sense at this time. Maybe in March/Apr it would - and yet the stock traded a pretty big range even at those relatively uneventful times.