GTAT - Starting a new downtrend

255 9 7
You can see how the price of GTAT has a floor and a ceiling, at 2.50$ and 17$, give or take. This time the stock broke over the resistance at 17$, and everybody was bullish . Well, it was a false breakout, yesterday's close confirmed it. I have been watching this stock for shorting for about 4 months, and surprise, yesterday when I looked at it it was down 15%. That rules shorting out of the question because the risk reward ratio is very unfavourable. I expect the stock to go down strongly in the coming weeks. I have no position and considering how the stock moved yesterday, I'll probably stay on the sidelines. There goes 4 months of waiting
06.10.2014 GTAT filed for bankruptcy!!!
2use vlad.adrian
say what...
Wait, someone is buying at these levels. It got support at around 15ish several times.
Well if u wanna buy something like this, be my guest :))
2use vlad.adrian
I owned it since 2 days ago....ouch...
:))) Well as long as you record the trade and learn from it... I think theres no harm. That's my way of dealing with loses, and some hurt like hell
2use vlad.adrian
Especially when CEO sells 25%...
Im pretty sure that CEO waited to get the stock to those levels and then distribute it. If you havent read Reminescences of a stock operator you must. Jesse Livermore explains there how he made markets for certain ppl to distribute.
2use vlad.adrian
daaang i really should read that. Heard several people talking about it.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out