Trial balloon. They gave it a shot and it failed. No big deal for Apple. But very big deal for GTAT. A new verb has been created for this phenomenon. It's called being Himax'ed.
What was the party target? $87.50 by June? Okay, June 2025.
Are you telling the truth? Because if Margolis really said that, then he is truly an idiot.
No one talking about possibility that Apple scrapped idea of Sapphire at last minute and opted for plan B gorilla glass (with ion). So they paid GTAT for all that sapphire and couldn't rely on it's performance. Maybe a sapphire cover screen for iPhone is just impossible to perfect, and Apple will write off sapphire on phones, and use it only for watch.
I win the bet. And congrats to all who listened to me, and waited for Apple event to buy low, with news in hand.
Good call. Drink the whole bottle. Maybe get Margolis to reimburse you the cost.
Good analysis of what actually happened here last week. The Gomes pump phase is over, so be careful. He told his subscribers that he's making the pick public. This created a buying frenzy. Notice the fundamentals haven't changed. Nothing of importance has changed. Just that the stock is up 50% on hype. This management team is the worst I've ever seen - even for a penny stock! They have absolutely no credibility. Nothing but empty promises and lies over the last 10 years. Why is it different this time? Gomes bases his analysis and price targets on management's guidance. That is ridiculous. I don't know why or how he can place any confidence in what management predicts for the future. Their track record has been horendous. Good luck.
If he waits any longer, he'll need a whole case of economy size trash bags from Costco.
Holy cow, the intraday chart for GTAT broke right through the x-axis on TD Ameritrade. I think they're trying to tell me something! LoL
My prediction has been coming true for the past two days. Pay attention please. You'll save a lot of money.
I'll take that bet. I say you'll be able to buy all the GTAT you want under $16.50 after iPhone announcement on Tuesday, whether it includes sapphire or not. This still has two more days to sell off.
We need to assign a probablity of that happening. What is it? 5% 2%? 1%? Even if it's just .01%, it is still a possibility. Tuesday can't come fast enough.
"... my strongest hope is that the iP6 will NOT have a Sapphire screen. Because GTAT is making Sapphire at full capacity, and 100% of everything it manufactures is being shipped and billed."
Here's the problem with that thinking. We still need confirmation that a Sapphire screen cover is physically possible for mass production, and not just a pipe dream. Apple could have bought up all that sapphire under an assumed risk, only to scrap the entire dream in the end if they perceive it to be physically untenable in the end. So you better hope there is as much sapphire as possible in those screen covers on 9/9.