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cheap here would be a 61.8% fib retracement looking long term. Save some funds for when this dips to $32 area.
well I'd hope you make your own decisions. caution in the wind never hurts and I been around the game 15+ years and seen bull and bear markets. it feels like this bull market is coming to a close. LNG down $10 since I first suggested to lighten up and much more to come in coming year or two. Yeah they signed some contracts but this to date has done nothing but lose money and sell shares. When bear market comes this will get punished way more than your regular stock.
guess shouldn't complain about measly few k on table. this week there was probably at least half dozen trades with GTAT where I left 20-30k each time. my overall gains with it are pathetic, maybe 5ksh or so?
hah gotcha. was keeping an eye on it and saw it start dropping ah's. bought 5k .96 sold .94, rebought 5k .87 sold .85, rebought 5k .801 then added 15k .77. sold way early in seconds it seemed, could have made 4-5x more. should have rebought higher low dip .82 area. oh well
even they are shutting ops there will still be plenty of opportunities to make some $$$ yet. they'll get delisted to pinks and then it'll take likely years before all the stuff drags out through courts, assets get sold off and shares eventually get deleted.
so weird... no in depth details on agreement with AAPL when it was made and no hush hush in bk court too. Some shady stuff going on behind the scenes.
wow weird thats just days after saying bk protection and biz will keep going as usual?
Need nasdaq to get this crap delisted to pinks so we can try to catch a dead cat.
GTAT 1.05 hits 4k on table no biggie, seems about standard
LNG is toast do not buy the dip. Its only traded this high for couple months only after massive run from $4. It doesn't have any kind of long term base or support up here. Its still grossly overbought near $70.
Drill now is sell and short any bigger bounces. Market as a whole is probably peaked too. Seculiar trends to upside generally last 5-8 years and we going on year 6? After biggest % bounce from lows in such a short fashion ever? What comes up eventually comes down and the higher it goes without pulling back the harder it pulls back.
Pissed LNG didn't bounce back to 80 area was going to load up heavy on puts. Missed some big $ there but there will be a bounce to lower highs for another opportunity. btw not trying to piss on your long positions but nothing keeps going forever and if you don't take the gains you might not have them. Probably a good time to start going into cash and look to buy year or two down the line when blood is in the streets and everyone is scared to buy. 5 years of buy the dip training is over IMO
and no they are not shutting the doors, they are reorganizing in bk. its probably gonna end up on pinks and will be a great trader. come on GTATQ hah
man I was just in 20k .78sh avg but outed for 1150+ oops. heres .94 no biggie just 2k+ on table in few minutes
sickening....
definitely high 90%s ending up bad. Did see a few cases where old shareholders got 2.5% or 5% in new equity but thats peanuts. Probably more likely in cases where bod's own a big % of the common.
With these got to trade not invest. Like I said in my last post only seen one come out whole and I trade most of these. Hopefully can dig up symbol in the am, that one was nuts. Went for 350,000% bottom to top.
or first bounce .96 to 1.90. third bounce 1.12 or whatever to 1.4s wasn't bad either. or .79 eod to 1.12 ahs. if you got the guts and timing...
you are right most chapter 11s eventually end up in complete loss for shareholders. It drags on for a long time though, at least a year, usually longer.
Over years BK stocks have been some of my biggest gainers though. Once on pinks and cleaned up just about all them make big runs from lows before dying. Even biggest scams like worldcom, enron, lehman etc ran huge. .04 to .30 type runs. Or CEMJQ was it .01s to near $2.
NYSE bks better not even try day its announced as many times NYSE will halt them for good, it opens way down on pinks next day as funds dump out. Naz stocks don't delist right away and give good opportunities like GTAT 1sh to 1.9 then .75 to 1.4s today. hoping this ends up on pinks soon, will give a good trader with big bounce opportunities.
You sure Kmart gave old shareholders a small stake? Thought they just canceled old shares and gave all new equity to creditors. Out of many dozen bk stocks have traded only remember one that made it. Can't recall the symbol but it hit .01 for lows and was barely trading any volume .03 area. Then it ran crazy to 1.5 one day, then to $4 or something the following day. Eventually it came out of bk and made it to $35. Then some years later think it ended up in bk again lol
they did not get the 578M from AAPL. That was suppose to happen over 5 years.
"Apple will prepay GTAT some $578 million in four separate installments over a five-year period."
Don't think there was any plans or promises for iphone6. I believe they finally got new facility set up and running full force late August. There is no way they had capacity to supply in time for launch.
Reason it traded where it did is they partnered with AAPL and were promised big interest free loan. AAPL leased one of their huge facilities to ramp up production. AAPL also had GTAT promise not sell to their competitors. So looking from the outside it seemed like a cemented partnership and GTAT was going to be their supplier.
Now in August they finally got facility set-up and running. In September AAPL with GTAT jointly filed for laminate sapphire patent. Everything seems lined up and ready to rock... And out of nowhere it appears AAPL calls back the loan after committing GTAT to a huge facility. AAPL pulled the biggest screw job here is what happened. There was no way to expect this unless you knew AAPL was going to do the unexpected. I suspect AAPL wanted to keep GTAT away from their competitors, lured them into poor agreement which they could back out of, then got rights to the patents they wanted, then simply walked away. AAPL ends up committing no investment, leased their facility they weren't using and will end with patents they wanted.
you are right looking at balance sheet could never see this coming. It appears AAPL did a screw job by pulling the promised loan after getting them in a big factory lease. Getting in on their patents in the process too. Nasty stuff.
Am a day trader and don't invest but longer term can always protect yourself with cheap out the money puts. Kinda like car insurance, most of the time piss some money away but if crap hits the fan insurance pays. Guess if you are willing to cap your potential gains can sell covered calls and use that $ to buy puts for protection
read up some a little bit ago as liked GTAT for bounce from 11 area. had 50 in the money calls recently but sold for $200 gain and was going to re-buy but thankfully didn't.
full sapphire screens are about $30 a unit, huge cost. Probably cost prohibitive for most phones. My interest in GTAT was mostly due to recently filed joint patent with AAPL for laminate sapphire screens and AAPL putting them up in a factory and promises of 580M in funds. Add in GTAT agreeing not to sell to competitors and it appeared they were partnered for good. Everyone panicked when iphone6 didn't have sapphire screens but there wasn't enough time given factory just got fully set-up maybe couple months back.
Now out of nowhere it appears AAPL backs out as GTAT is finally ready for full production? Soon after they file for patents and get rights to their technology? With laminate sapphire screens cost might be a few $s and with billion+ phones sold a year even if they got $1 royalty per unit its many billions over time. AAPL will get the patents, leased their factory and now have 0 invested in this? wtf some crappy lawyers on GTATs end
So AAPL did not commit to anything really. They just leased one of their factories to GTAT and were going to provide them with $ while getting in on their patents. Soon after they filed for patents they go ooops... sorry we not giving you $ enjoy your bk now that you are way over your head in debt and have no $.
"Apple will prepay GTAT some $578 million in four separate installments over a five-year period. The agreement is more a loan than a sale. Apple is not committed to buy anything, just advance the money, which will be paid back by GTAT in product and cash, under terms that were not disclosed. But GTAT seems confident enough in the arrangement to pay down a $96 million balance on a revolving loan from the Bank of America."
"Although GTAT said it would supply the material “exclusively” to Apple and granted Apple “certain” intellectual property rights in connection with its sapphire growth technologies, it would not say what the restrictions or rights were."
messed up thing once they get their patent AAPL will get royalties from their competitors who will use laminate sapphire screens. Screw GTAT and make it more costly for their competitors to build same product. Guess smart move by AAPL but just dirty biz.
I am curious what happens with the factory GTAT finally got running and if they will be allowed to sell to other companies now that AAPL likely pulled out.
think there were some delays getting new factory set-up and there wasn't enough time to get screens for iphone6 ready in time. iwatch will be lower in #s and amount of sapphire per watch anyway.
It seems AAPL told them here is a loan to get factory up and running under condition they don't sell sapphire screens to their competitors. Then they filed for patent for laminate sapphire screens together with GTAT. Now all the sudden they pull the loan and force them into bk? Likely they just burned GTAT, took rights to their technology and will buy out or find another supplier to get screens made for cheaper with patents in hand. Could be wrong but thats what it looks like right now.
in terms of news environment and markets reacting it is similar to 2007s into earlier 2008s. Lot of warning signs and bad news but market just ate it up and went higher. Then massive rug pull out of nowhere.
agreed. markets way over-extended and $ is likely place to be right now. not really a short with all major support trend lines still in tact and fed still buying it up. shorting bounces near resistance levels now might work but thats still trying to time top vs going with down trend.
As for trigger there might be no trigger. FED kinda negative comments=market higher. Russia invading Ukraine= quick pull and markets higher. Instability in Israel= markets higher. ISIS= markets higher. Ebola scare= markets higher. Perhaps we need good news for a trigger down lol
that was close. start shorting bounces now for lower highs or wait for confirmation on trend break first?
man missed this last swing down. bought big SPY calls 5-10 min before bottom, got spooked with flush sold way early on bounce. left big $ on the table.
you are right shares getting canceled would be a long time away. minimum a year or two before stuff goes through court, possibly longer unless something unexpected comes up sooner.
guess question is now whether this goes pink sheet soon and gets a Q. fingers crossed, that would likely give it one last flush and nice bounce followed by lot of ?s
thats kind of messed up of them given they signed an agreement that won't sell their products to AAPL competitors. and to top it off AAPL and GTAT together filed for laminate sapphire screen patents. so AAPL took their technology and then f'ed them?
are you going to reposition other way? seems like an amazing run here is coming to a close. good pull from highs, now nice bounce hopefully before finishing touches?
I have shorted it and made money off it lower than $8 lol too bad didn't go long and hold... been long way up and getting more volatile now, we'll have more opportunities both ways soon.
sadly didn't act on getting some puts and missed out badly today... oh well, next time I guess. up trend line going back 6 months is now broken, time to short lower highs on coming bounce. No novice here, been around 15+ years and know well enough nothing goes straight up forever.
I care because looking for money making opportunities. Do you feel those contracts are priced in with 2,000% run?
crazy can't believe this thing up to $80s. Traded this a bunch sub 10 but not much since.
Curious whats the deal here now? See a lot of cheering but not a lot of substance or reasoning why this should be trading this high. From what I remember insiders were dumping this big years ago and continued on way up at MUCH lower prices. Revenues are unchanged, actually lower from 2-3 years back. Still losing bunch of money. Very little cash on hand compared to PPS and lots of debt on books with almost no shareholder equity?
3 year chart looks like a pink sheet promo play, koolaid will spill only question is when. don't like fighting trends but will be watching close for cheap otm puts soon
no I didn't. Although traded this stock numerous times before and today, would not hold this overnight. Am sure plenty of investors here contributed to this guys chartered flights and fine dining experiences.
I'd also like to point out they like to fly on private planes too. Way to live it up. No shame but when suckers buy shares they create out of nothing why not?
a small company is filing BK which is a huge event. Its CEO vacationing in Milan and posting on facebook bragging about fine dining at one of the best restaurants shows where the priorities are.
But you are right we should look at the bigger picture. If we could dump free shares and go on vacation to Europe....
sadly the only NEW PARTNERSHIP likely here is with an upscale hooker after an evening of fine dining while on vacation.
lol no shame at all. even has his profile public for everyone to see.
well at least we now know VIIC shareholder money is well spent by management on vacations and fine dining in Italy while lawyers are busy filing BK.
lot of eyes on the board today and guy needs to promote himself. amazingly a chartist that doesn't trade any of the charts he posts lmao
VXX sweet move