When 3 giants , MSFT, Google, and Amazon drop their prices by 30.%, this company has no choice but to do something . Either cut prices or lose lots of customers . You can bet customers are already demanding lower price and this company just does not know what to do , One important point is MSFT cloud business really took off under the then VP . Now that the VP is now CEO of the company , you can be sure he will push harder to make MSFT number one and gain market share . Amazon dropped their price to prevent customer loss . Small companies will have no power and will lose market share fast . The company will guide a lot lower and lower their prices
Yesterday short sellers tried 3 times to drop the stock but the stock bounced back each time it was dropped below $17.00 . Toward the close short sellers dumped as many shares as they could to keep the stock below $17.50 only to wake up today to see stock opened above $18.00 Ouch, that must have hurt . Today toward the close they did the exact same thing . Dumped s many shares they could.
Dropping a stock does not mean anything if people do not sell and short sellers have a hard time realizing that . All shares dumped yesterday and today are wasted and they incurred another $50 Million Dollars loss
Are short sellers stubborn and fool racking up more than $500 Million Dollars in losses in less than a year .
You be the judge
GLW float is 1.3 Billion shares and our float is around 133 Mil shares and yet on daily basis our stock trade more than GLW and so why is that ?
GTAT has 30.0% short vs GLW of 1.0%
Short sellers do many tricks to keep the stock from rising because each points cost them $35 Million Dollars .
One trick they use is they constantly buy shares on the open market and turn around and sell it to the bid . Yes they take a loss on each transaction but remember each point cost them $35 Million Dollars
So not only they are losing money on the short side they are also adding to their losses by buying shares on open market and selling it to the bid at lower price
The short sellers are going to burn badly on this company.
Look for good news when earning comes out which should push the stock to mid $20 easily
Today short sellers started shorting the stock around 2 hours before the close and as we got closer to the market closing the shorting intensified and short sellers started posting 30K to 40K on the Ask side and walking the stock down to around $17.07 and to drop the stock below $17.00, they posted 130,000 shares on the Ask side but then a buy order came in for around 2 mil shares and slapped the short sellers many times and pushed the stock up to $17.17 .
These Idiots are losing money on daily trades on top of millions of dollars of losses already racked up by shorting the stock since the stock was in low single digits
Question is what will it take for these Idiots to realize the great mistake they have made . Certainly slapping around like a W..... did not do it
This stock is shorted heavily and short sellers soon will look like fools once they send the quarterly report to their investors recording big losses by hanging on to a short position while the stock has moved from single digits to around $19.00
You can bet today they shorted hell of a lot more to keep the stock down and also making the greatest mistake by dumping 2 mil shares at the open dropping the stock one point only to see the stock rise above $16.75 in matter of minutes .
So all the shares they have wasted for the past several days to drop the stock so that they don't look as bad in front of the investors all produced negative results . Short sellers are now in bigger trouble than before .
Here is my message to them
********** We Are Not Selling ************
The company just announced a breakthrough in solar by introducing Merlin . A technology that eliminate silver usage resulting in huge saving in solar manufacturing and at the same time increasing efficiency . Yet some Idiots are selling shares @ 16.65 which tell us the fund has no real clue what potentials this technology has .
Or take the short sellers who are as stupid by shorting the stock from single digits and added and shorted more as the stock has moved Up more than 10 points and today by dumping and wasting 2 mil shares at the open to drop the stock around 1 point which lasted 3 minutes and stock moved up .
Did I sell because of such stupid act ? Of course not because I understand what I am holding and huge potentials it has . Short sellers can drop a stock but if we do not sell, then they are the losers and fools
Short sellers have no choice but to short more and more to hold back the stock while waiting for a miracle .
Short sellers are frustrated and you can feel it as they post the same stupid message over and over . Messages like stock going to $4.00 Really ? Are you a fortune teller ?
Short sellers keep trying to drop the stock to create a panic but no one sells and they end up being the big loser . Idiots
Short sellers will be hard at work to do what ever they can to prevent the stock going over $20.00 .
So don't be surprised to see short interest jump another 3 to 4 mil shares when the data comes out shortly
With so many weak stocks one must be pure stupid to short a strong stock and add to that position while the stock is rising .
Currently all solar panels use silver which is expensive & GTAT Merlin will make it possible for all panel manufacturers to eliminate use of silver which should help drop the cost substantially . So all panel makers will rush to use it to stay competitive regardless where they are located.
GTAT Merlin is a technological breakthrough
Couple of days ago SolarCity announced that it will start selling solar panels in BestBuy meaning solar panels are going to be mass marketed to the public . Solar panel uses silver for connectivity which add to the cost .
GTAT just announced Merlin , an innovative technology that will replace and eliminate the silver usage on solar panels while providing better efficiencies thus providing substantial saving .
This means more people will buy these panels as the prices will come down and thus put GTAT in the mainstream of solar business , a segment that is hot and getting hotter
GTAT is a lot better play in the solar and for that reason I added a lot on Friday in the low $16.00
The Q+A was great . I added this A.M. The CEO is very seasoned and knowledgeable . This is a long term hold and one bright spot in the market
Several years ago the management made false claims and told investors that this technology would provide cheap electricity and the only byproducts would be water and also made ridiculous claims about cars using this technology and people believed and rushed and bought the stock .
Then nothing happened not one car or one house could use this technology and stock crashed and been trading at around pennies
Watch the interview video on CNBC where CEO is telling people that the company is working with Wal-Mart and BMW . So what does " Working with " means . Are they paying customers ?
For the past 5 years the company is trying to convert a fork lift for Wal-Mart but the thing still Not efficient and economical . The company has reported losses since day one and up to yesterday when company said looses widened . Wait, what ? losses widened from last year .
This company is a joke
Is that why each year the company is losing more money. Again , today the company said they lost more money than last year. This company is losing 25.0% on each order . Can you explain that . What this company is making is Not efficient and economical that is why they have to sell it at loss . Read income statements and you see only losses and nothing else for the past 10 years to present
Ethanol stocks went up because the companies promised cheap energy for cars and homes and crashed causing huge losses for the stock holders .
This stock has gone up several times and then crashed to pennies as it was 11Cents last year.
But the management fools some fund managers and lure them each year to buy the stock so that the company can sell stocks and fund its ever losing operation
Fools talk about fork lift for Wal-Mart which has been going on for 5 years and yet Wal-Mart has Not placed an order with this company . The deal with Wal-Mart is " experimental " and the same is true with BMW and others . Wal-Mart is working with this company because Wal-Mart receive big fat tax credit from the Federal Government .
Whoever bought the stock all the way to $11.50 is taking a huge loss and that is why they are posting lies here to lure you to buy so that they can recover some of their losses .
Be smart and don't be Fooled
The truth is a hedge fund was fooled and bought the stock all the way to $11.50 and now sitting on huge losses .
If you look forward you see greater losses .
In 2010 if you looked forward, the company lost more and 2012 lost more than year before and 2013 again they lost more .
So if you look forward, looses getting greater. In fact the earning just released the loss widened .
So I you look forward or backward, the only thing you see is Loss , Loss and more Loss
This company is working for 5 years on a fork lift that is not economical . If the technology was great, Wal-Mart would have converted the whole fleet .
Also Amazon would have jumped at this if it was worth it . Apparently it does not work
Amazon is in the process of employing robots to deliver packages and is in beta
This company is a joke . 5 years for a fork lift that does not work
This company has been working on a fork lift for Wal-Mart for the past 5 years and where is it .
Wal-Mart is smart and using this company as tax deductions . That is why only one warehouse has been used for the past 5 years because tax deductions can be taken only on one locations .
5 years and not one fork lift is operational . It is experimental .
10 years of lies and promises and not one single car working via this technology or one house getting electricity from this joke
Can you imagine how stupid a hedge fund was buying the stock @ $11.00 and now trying to fool small investors to bail him out
Google and you see the company is claiming the same thing for the past 10 years . like powering your car or your home electricity and etc , etc
Posters are paid by a hedge fund to post lies and outdated info to fool you to buy
The company has lost money since day one . Company loses 25% on each order and you can do the math