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Apple's Sapphire Partner GT Advanced Technologies Files for Bankruptcy
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Daily fluctuations are to be expected in the stock market. I don't think anyone was impying it would not go up today, nor can anyone really predict that without some insider knowledge.
It really depends what you define the term investing as.. Not everyone is "investing" using a buy and hold strategy. In this age we can buy millions of dollars in stock in seconds and sell in seconds and make millions, which as you seem to know more then enough about investing you know. In my mind or say way of investing a 75% gain in a day is excellent. It's not about the company to me I could careless if they go out of business.. If your looking for a Buffet investment strategy then yea daily buy/sells are not for you.. But he also moves millions..
People don't typically drop their watches the way they do their phones as they wear them rather than hold them.
What you are describing here is not investing, it is called trading. Even the people who do it don't call it investing, and unless you have access to hardware and software required to flash trade, it's a foolish method.
Luckily I do... and we call it investing regardless... Sorry to break it to you.
Fibber. It stands out a mile.
I hope you guys bought and hit that lotto win! Up 50% yesterday, and up 40% today, wow! Not a risk I was willing to take. Nice one guys.
Not me. I don't play slot machines or buy lottery tickets either.
http://www.forbes.com/sites/carlodo...wittersf&utm_source=twitter&utm_medium=social
For those too lazy to click:
"What we are comfortable predicting is that the equity is almost certainly worthless, and will likely end up being delisted.
http://www.forbes.com/sites/carlodo...ipples-gt-advanced-technologies-analysts-say/
Here: https://www.macrumors.com/2014/09/11/sapphire-display-iphone-6-missed/
From what I'm reading on that article... further processes down the production chain, which is outside of GT's workload was causing delays...
I'm still hoping that Apple will offer the final payment of $139M so that GT can go on with business and that thirdparty production processes got squared away on their delays...
Couple advantages on that...
1. GT doesn't have to go completely bankrupt and their employees get to keep their jobs
2. We get to see sapphire on next year release. Hopefully better than current materials.
I believe that the time for sapphire production to make the cut was directly related to the time needed to switch to plan b (glass screens.) So let's say apple knew that they needed 45 days before production to include glass screens, that must've been the final benchmark for sapphire as well. I have zero experience in production and industrial design, but that's what my common sense is telling me.
I don't buy the blame on downstream supplier messed up. If they were able to delivery on time there wouldn't be a requirement to switch suppliers. If anything it shows Apple having clear understanding of their manufacturing life cycle and have consideration and options when one supplier doesn't meet the deadline. Good for Apple to manage this without effecting delivery date. Apple and their partners are experienced. GT is the new vendor without experience at this scale (look at previous company revenue less 1/10 of what they normally do). By logic we can see what would be the possible issue here and the bankruptcy proves that.
Based on what we know now and recent comments made in court, you are probably right. Based on what we knew when I wrote my first comment, my guess was as good as any other. And while Apple and their China partners are very experienced and excellent at what they do, it doesn't mean they never run into difficulties when starting a new manufacturing process. Remember the first white 3GS phones? Or the first white iPhone 4? Or the iPhone 5 chassis seeing low yields in the beginning? These things happen and I have zero problem with it. For me it highlights Apple's stringent quality control and constant push for innovation, which is why their products are great.
