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  • The Lessons Of GT Technologies [View article]
    Well, if I can throw in my $0.02 which do somehwat parallel the author's.
    1) there's a big difference in making furnaces vs. making sapphire and to the extent that is a sea change for the company perhpas one would raise an eyebrow.
    2) write downs and income taxes - those to me are big deals, meaning management's not paying attention which adds to the risk of item 1.
    3) keep the position small and harvest profits as someone else noted, to "play with house money)....
    4) Don't trust AAPL. ;-)

    Best to all...this one was a nasty trip, but there's always another trade...
    Oct 15 08:16 AM | Likes Like |Link to Comment
  • Did GT Advanced Technologies Mislead Investors? [View article]
    I have done a bit of triage on my own trading and noted that I did stray from prudent actions that would've limited my losses... here's what I have "re-learned":

    A) stick to my entry/harvesting plan - average into a position with a number of purchases, and sell(harvest) as I generate gains up to the point where, if done properly, I have recouped all initial investment capital plus a reasonable return only and onlythen can I "let the rest run"
    B) when alarm bells starting to tingle, pay the (expletive) attention, either hedge or get out... 1) A simple SWOT analysis would've been sufficient to know I should've lightened up at the very least given the buyer power Apple had developed over GTAT. 2) The inventory build - this was foolish of me -- they did this previously, and did a company planning to sell 2-300 million in first year actually need to stockpile $100 million in raw material inventory? No, of course not what a tremendous waste of cash, fool me once... etc. 3) the suspension of the call - this generally doesn't happen on good news, regardless, no reason to take that kind of binary risk (ergo, put on a small hedge or sell some).
    C) Proper position sizing... while the size of the investment was not disproportionate to my overall portfolio, the total loss (nearly) of the position was enough to wipe out a LOT of the year's gains. So always be harvesting gains/reducing exposure.

    d) Remember there's always another trade. And the fishing is good.

    Best to all.... and goodbye GTAT...
    Oct 7 02:40 PM | 4 Likes Like |Link to Comment
  • GT Advanced Technologies: The Bankruptcy Shocker [View article]
    Me too, notice their Raw materials inventory build - shades of 2011 (I think it was then) when they also had to write off a ton of inventory as well... I wonder if this isn't part of the problem..
    Oct 6 01:17 PM | Likes Like |Link to Comment
  • Keep Away From GT Advanced Technologies Equity [View article]
    tangible book is likely a lot lower... there's a lot of "IP value" in there
    Oct 6 01:14 PM | 2 Likes Like |Link to Comment
  • GT Advanced Technologies: Are We Closer To A Bottom? [View article]
    Yeah, never mind. $5.60 when the underlying is $1.+ sucks... :-) Oh well, guys, there's always another trade...lessons learned...
    Oct 6 01:12 PM | Likes Like |Link to Comment
  • GT Advanced Technologies: Are We Closer To A Bottom? [View article]
    Never mind.
    Oct 6 01:11 PM | Likes Like |Link to Comment
  • GT Advanced Technologies: The Bankruptcy Shocker [View article]
    Understand Bill, but there's no evidence of that yet is there? Otherwise, with $85 mil in cash and abillion debt, that might constitute some going concern or other disclosable event issues...
    Oct 6 12:18 PM | Likes Like |Link to Comment
  • GT Advanced Technologies: The Bankruptcy Shocker [View article]
    No doubt - and I would suspect the auditors are in deep kimchee as well...
    Oct 6 12:01 PM | 2 Likes Like |Link to Comment
  • GT Advanced Technologies: The Bankruptcy Shocker [View article]
    Remember that inventory write off they had a couple years ago? I noted the same thing in their last quarterly filing ($100Mil! in Raw Materials) It was unusual I suppose, but not in light of what I assumed must have been a tremendous ramp for APPL. to paraphrase Will Farrell in Blades of Glory, this is "mind-bottling"...
    Oct 6 12:00 PM | 4 Likes Like |Link to Comment
  • How To Fix Financial Capitalism? Focus On Ethics [View article]
    Fine with me, but let's at least get this party started...
    Oct 4 07:11 PM | Likes Like |Link to Comment
  • How To Fix Financial Capitalism? Focus On Ethics [View article]
    That's nice. When do we prosecute the pigsty of financial executives who nearly destroyed global commerce in 2008 with their fraudulent securities backed by garbage loans that they wrote?
    Oct 3 09:17 PM | 9 Likes Like |Link to Comment
  • GT Advanced Technologies: Are We Closer To A Bottom? [View article]
    Anybody else notice, that the company's raw materials inventory has popped big again? Unless it's all this AAPL activity... a little disconcerting. If anyone has further info,would welcome it...
    Oct 2 05:10 PM | 1 Like Like |Link to Comment
  • Northwest Biotherapeutics Misrepresents Clinical Trial Data [View article]
    Holy shit, there are a lot a smart people on this site... so glad to have good seats to this smack down...
    Oct 1 07:28 PM | 6 Likes Like |Link to Comment
  • Tekmira Pharmaceuticals Is More Than Just A Short-Term Ebola Trade [View article]
    Very well done Karin! Props for your CTIX call as well, closing over $3....
    Oct 1 08:36 AM | Likes Like |Link to Comment
  • Peabody Energy: The Best Coal Stock [View article]
    agreed... any investment now could be dead money for a long, long time... for now, i'm watching nat gas prices, and will buy the sector, via KOL, rather than picking individual stocks, similar to homebuilders a few years ago. coal is certainly one of the most hated sectors and if you know of others, please pass it along.. best to you.
    Oct 1 08:33 AM | 3 Likes Like |Link to Comment
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