Just wanted to say "lol" to all the naysayers yesterday and a "congrats!" to all those who bought yesterday and made a cool return today.
Like someone posted earlier, I'm curious... what are the chances of the stock going significantly higher?
The question was whether the person with "money to blow" was using any other investment strategy. Note the lack of response to that question. In a world where people routinely buy lottery tickets with their grocery money, I can hardly be sure that anyone who talks about blowing money on a long shot investment is investing in any way that makes sense.
Note also the continued questions about whether it's worth investing in this stock, all ignoring the many already stated cautions about the very tiny possibility of making money by speculating in bankrupt companies.
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They have already filed for bankruptcy.
It is almost unbelievable that Apple & GTAT would have started working on this big of a deal if the brittleness of the material was such a problem... way too big of a gamble for both companies.
Sapphire has been used in watch crystals for decades and is very robust. I know a lot of people with watches with sapphire crystal and I don't know anyone who has shattered one.
Phone screen is larger yes, but it seems to me that there's no way Apple is so naive as to shove $500M at this with no idea if it could work for a phone display.
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..
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 am buying shares too, if it goes under, it'll cost me the price of an unlocked iphone 6, if it goes up, free iphones for everyone!
Just bought 400 shares. Woooooo
I hope you guys bought and hit that slot win! Up 50% yesterday, and up 40% today, wow! Not a risk I was willing to take. Nice one guys.
Some corners of the marketplace are already holding a quiet funeral for GT Advanced Technologies stock, GTAT. Goldman Sachs announced that it is no longer covering the company, and S&P Dow Jones Indices has removed GTAT from the S&P SmallCap 600 index, replacing it with Rex Energy REXX -5.45% (REXX).
What we are comfortable predicting is that the equity is almost certainly worthless, and will likely end up being delisted, said the Raymond James report.
Just wanted to say "lol" to all the naysayers yesterday and a "congrats!" to all those who bought yesterday and made a cool return today.
Like someone posted earlier, I'm curious... what are the chances of the stock going significantly higher?
What's your source for this?
So Apple could skip sapphire and switch to glass that quickly? Not buying it.
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.