looks like they wrote off everything associated with GTAT bankruptcy. 2.8 million of revenue reversed, 1.6 mil accts rec written off, 6.6 mil of on-hand and non-cancellable in-transit inventory was written off to cost of goods sold.
Thank you. never got any shares to short and we could double bottom at 14.50 again..technically we didn't fill that gap yet as it was 14.49 very close though and may be good enough next few days we will find out.....any break below 14 and all bets are off.
So you had to say this twice... what can't understand what you wrote the first time? idiot basher
this is a low volume stock so anything can move it quickly such as a big sell followed by stop losses being taken out. Looks like over 200K shares traded in that first hour. This has gone up over 100% this year so normal for profit taking and when you sell you sell at market which leads to these type of drops. MY P&F chart says it broke a double bottom at 16.50 so with a 3 box reversal to 17.50 its a short to 11.5. gone up too far too fast gap at 14.49 from 08/15 could easily be filled.
they are not paying them in dollars but shares and it is performance based so no sales no shares. you shorts are so irritating
if they sold it to the distributor then who cares? This is revenue plain and simple. It is Branom's problem now to find the customers. I would assume they wouldn't have agreed to be a distributor if they didn't believe they would have a market for the product. Typical response from you bone wouldn't have expected anything else...
The agreement calls for Branom to initially purchase as many as twelve (12) GasPTi-P devices for both customer demonstration and inventory. Anyone know how much these cost? Seems like a good thing they are required to purchase the product and keep an inventory. Shows the commitment of the distributor.
Interest rate risk and the Fed next week...this is the same thing that happened last time everyone got scared of the interest rates rising...add to that we had a great run this year so far and 14 was just too much to hold...I had that feeling we were reaching the end of this run and that may have been it. 10 year was up from 2.40 to 2.63 in 3 days that gives you the reason.
That's ridiculous...sometimes they get it right other times they get it wrong...no major houses or accounts trading AH on a Friday at 530 everyone was gone.
your statement makes no sense...you take both sides saying it could go up or down then complicate it by an admonition saying that nobody here has any experience trading biotech stocks. You appear to insinuate that the stock will sell off or maybe it will gap up and whatever happens will be a "great" trading lesson...basically you said nothing except a call that said AH trading was not short selling...now really how do you know what people are doing...you cannot tell from the trades if they were shorting or selling...I would suspect some Sell the news crowd and perhaps could be a lot more on Monday who will gladly take the run-up to get out and wait until October....perhaps the only thing you may have right is that the computers will be active Monday pushing this both ways up and down perhaps down first and then up or up first and then down.
seems like everything is getting taken down since the start of September.