As usual, I get a thumbs down. I have been in this stock for about five years. I first bought it through one of their offerings. It had been $9 and they made an offering @7. It was a solar stock. I quadrupled my OI through buying and selling SOLR_GTAT. The management has always been suspect, imo. I have often been lambasted for making that statement.
A stupid brain dead deal put them out of business. Any way you look at it, if a deal forces you into BK you are stupid. Not you lost money, but you lost destroyed the company as it was known before you made this stupid deal. So now, I get thumbed down by probably some idiot who thinks he's going to get something out of GTAT except a share poke in the eye.
Learn. I also told people repeatedly not to invest real money in this company. I got a ton of thumb downs for that as well. Don't ever put but a small percentage into a stock like GTAT. According to your age, you decide how much that percentage is.
The stock was $11 Monday, now 82 cents. If you can't see from that that it is worthless, then I don't know what to tell you. Apple is not going to bail them out. Nobody is going to give these idiots money to get out of this mess. Nobody with that much money is that stupid.
Very strange happens. A struggling company finally files. GTAT this morning had buy recs from most firms. I have followed this stock for years and now it's worthless. If this happen back when it was bouncing around between 2 and 5, it wouldn't have been a surprise.
All I have in this is house money. I don't know what happens when a company bankrupts. Since it traded below $2 a couple of years ago, could it build another base from here? Or is it just over?
I'm nibbling @8. Just hard to tell with GTAT. Catching it on the way down is very tricky. Still, I would have to start buying @8. If it could build a base here, I could just as easily be happy buying back north of here. I don't think that is how it"s going to go.
I'm watching. I think this has quite a ways to go, maybe 9.5, then down to the $7.50 range. This is not a one-two month event. According to how Oct goes, it could stretch out longer. Long term the stock goes to new highs, but it will be a bumpy ride as usual. Patience will pay. Greed will get you broke.
Agreeing and expanding my original point. All this is sensitive and we fight among ourselves to much. It's now come to destroy America or elect my man. What the hell sense does that make?
Continuously blaming everything on one man is insanity. We are wasting time while the rest of the world is moving on. Look at what these people have reduced the argument to. No wonder the situation is like it is.
Here is a supposedly group of securities investors and the board if filled with stupidity. Is anybody swayed by all this ignorance? Only the ignorant.
You deserve it, but if you want to keep getting it might be smart to see that the succors you live off have something to support you with. Go through Louisville, KY. Only two interstate bridges ti IN and one stays shut down. Go around America and see the same things. Is WAG going to build some bridges to haul their goods from state to state? Try to explain to Tea Party it takes a long time for bridges to be in that bad of shape.
I think any idiotic answer would suffice because these people do not think. I know a Tea Partyer who hates the gov'ment and all he has is SS and Medicare. He's dying of cancer and worried because when he's gone, his wife will have nothing. I guarantee you he is all for WAG moving to another country.
Blame Obama. America is in serious decline. Job creation is down. People are making less and imported goods are costing more. The infrastructure is crumbling. The government is going to have to get money from somewhere to give people so they can support all these smart businesses who know how to avoid taxes. Who do you think buys all those drugs at Walgreens. Ever heard of Medicare and Medicaid?
This is my worse stock. It's my fault because I added as it went up. I really thought Twitter would make better use of it's targeted members. They know what members are interested in. I am prepared to hold for two more years, but I would like to see some signs of growth in the stock price.
The article is laughable. "Apple might not buy sapphire from GTAT and GTAT can't sell to others because of APPL's exclusivity clause" #$%$.
I am not a day trader, but I remember thinking how happy I would be getting $10 for GTAT. It's very difficult to let go a huge winner, but I have placed some stops. Would I buy here? As for the shorts, they were shorting this @4.
This is going to be dicey. They can run this stock down if they desire. If the market corrects, GTAT will get pummeled. When we were buying it at $2, these people were not even rating the stock. Hard to figure out what will happen now. Management is not going to make a statement.