Ah, screw the shorts. GTAT is in good shape. It pulled back to the 50 dma today so good time to buy. Let's see who shorts it at this point.
following 3M's mantra - "make it by the mile, sell it by the inch". In gtat's case, maybe it's "make it by the meter, sell it by the micron."
I'm not so sure. It closed at $2.52 on the Tel Aviv exchange on Sunday (their Sunday - market is open). We'll see what today's action entails and should give some indication as to how it opens tomorrow.
Good one. While you're at it, put in an order to buy Apple at $30.
My stock holdings don't care so much, but my calls sure do. Totally agree with your sentiment, though. The broader market looks overbought to me. Solar seemed to get hammered with TSLA lawsuit news. I guess SCTY sold off in sympathy due to the Elon Musk connection (no idea why else).
I worry that we're basically at the end of earnings reporting and the market is overdue for a correction. I don't see any reason to buy stocks heading into the new year with the market up so high - but I've been wrong on the correction part so many times that I've lost count. Don't fight the fed.
Chart looks set up for a run into the elevens this week. I could see a close above 10.5 tomorrow. I don't see any gaps in the chart that need tending and November options are behind us. Time for an eoy march to 15. Hoping for a good week ...
Totally agree, Ben. I recommend you move on to something more volatile that you can swing trade. STP looks like a great candidate as do some of the other chinese solar companies. They move up and down much more than GTAT and I think you'll find them more to your liking.
I don't read much into today's action other than GTAT being lumped in with the solar companies. GTAT was up 4% and it looked like most of the solar companies were up by about the same +/- 1%. I'm hoping we push through 10.6 tomorrow but that goes without saying.
No, they missed because all the furnaces they're been building are going to be used at Apple and are not being sold as they had forecast. If there was no Apple deal, they'd be selling those furnaces and hitting their numbers..