GTAT filed today for bankruptcy. Trading was suspended for the beginning of the day, and when it was resumed, the stock plummeted 92%. Now, this company will either die or put in a bottom. At these levels, this stock becomes interesting.
Sorry for the typo, it's supposed to be 'to live or die'
Comments
I4
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Then the next iphone comes out saying it will have sapphire screen covers, and the hype starts all over! That is if the company can stay afloat long enough.
vlad.adrian
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It is too early to buy again, first let's see a bottom.
jangseohee
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Buna Ziua Vlad,
by the way, some stock can go to -ve value, any idea how it can be traded?
vlad.adrian
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what is -ve value?
jangseohee
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like -0.50, -2.0 ...
vlad.adrian
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I have never heard about that, sorry. I did not know that a stock can be worth less than nothing
jangseohee
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Ok, nvr mind
DJIA struggling at 17000....
jangseohee
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H&S then kaboom!
vlad.adrian
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The signals were there before the H&S. Obviously, I didn't expect it to go down so fast and so heavily
jangseohee
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True, stop loss is useless because the slippage is too fast!