wow, these guys are trapped something fierce. Between 7/31 and 8/15, price was $14s-$16s. such an increase in SI and we rallied so much. Also there are only enough CBs to hedge 45M in SI. We were already past that number before the increase.
I suppose you could manipulate the SI up in this manner, though at some small cost - there's interest on shares borrowed. It's a good observation; In such case the shorts are never really in any danger and the SI is just a fake number intended to scare retail away from the stock.
I thought the tax code was changed so that shorting against the box is considered equivalent to selling your long shares...a change from like from late 90s or something, no?
he is, and currently outstanding bonds will, in all likelihood, convert into about 45 million shares (28M at 2017, the rest at 2020). short interest is currently around 56M.
yes, but they could do the same at $12 or $16 or any number above $7.71 (for the 2017 bonds) or ~$12 (for the 2020 bonds) and come out ahead. Anyone who was holding a bond and wanted to wait for a specific price target to short from like say $16, they could do it on _countless_ occasions since the start of the year. There's no reason to believe an increase of 8M in short interest at this time in the span of just two weeks has to be from bond holders. They had plenty of chances to make that move already.
I love it when I make a simple factual post with no opinion anywhere in it and get downvoted. lel. It's like...please do not confuse me with facts. I want to keep believing GTAT is "off the radar".
Really, it's not that hard. Go look at the volume in other stocks. Even popular stocks like TSLA NFLX SCTY FB or w/e. They're all around 1-2% of float per day. GTAT is over 5% of float per day. I don't mean on one particular day or another, I mean at average, it is heavily traded.
heads they win, tails we lose.
i.e. If it ends up a big time fail, we lose all our money but they still paid themselves very nice salaries for failing. If it succeeds, dilution will have taken away most of the profit for us while they enrich themselves with an infinite supply of options.
I got into this after the AdCom, so it was after most of the dilution happened. Technically I'm still not bag holding, as my avg is below current price. But, I also feel bad for letting all of my profit evaporate like that, I should have taken profit when I had it.
There goes the short argument that screen cover glass breakage is not even an issue and consumers don't care about it. Another talking point in an endless list of FUD debunked.
with that said, pure sapphire isn't necessarily the best fit to solve this problem, due to brittleness. Apple might be treating the sapphire and/or laminating it over another substrate. In any case, we'll see how the end result stacks up against GG soon enough.
it's a cool concept, but a solar cover would not recharge the device fast enough to make a real difference. Not last time I looked at the numbers anyway. If it's generating 5% of the energy the device is consuming while online for example, well, it's still useful for emergencies, but it won't save you the trouble of having to charge it to back to full with an ordinary charger as often as you always would.
I think if they ever managed to build a working ultracapacitor, put one in a mobile device, that'd be nice. You can recharge one of these things in a matter of seconds rather than, say, an hour. You'd actually have to limit the current going into the charger to avoid a potential hazard. That's a real game changer, but it's a very long way away still.
I could follow such advice and sell at $5 in 2013 when short interest was at record high, ehh, thanks but no thanks.
Actual bearish arguments are simply not convincing right now.
If you want to be taken seriously, please model this company's future cashflow and risks and give an actual argument why you think it is worth $12-13 (or whatever other price target you have in mind).
All assets are overpriced these days. There's nothing unusual about this stock. GTAT is not particularly expensive when compared to tech stocks in general. It's definitely cheap compared to the high fliers in tech. Anyway, If that's your concern you should short the market instead of going after the stock of a good company that's trading at a more or less reasonable price.
As I see it, the only slip up that could wreck this stock (if only temporarily) is a large cost overrun at Mesa that's due to
1) an unforeseen technical problem, something they can't work out in another couple of months;
2) HPA (high purity alumina) prices rising sharply due to unprecedented demand,
combined with Apple forcing low ASP's on the finished product, which makes GTAT miss all EPS numbers in the foreseeable future. Even then the company itself will be fine and they will still be growing their revenue base at record speed. The real story here is the boom that they should see in equipment sales at 2015 and beyond.