TurCharts.com - GTAT stock chart Blog Update 10/06/2013
Today we saw the markets move up and down - but ended the day negative. HPQ was up today due to the announced split up of the companies into two. We still shorted HPQ today. The ISEE Put/Call ratio closed strong today at 139 - meaning more calls were bought today then puts. Gold was up and oil bounced up also from the trouncing last week. Our favorite Biotech sector ended down and we still believe that this sector will drop significantly. We saw this in the 90's and we are seeing a bubble in this sector. Just take a look at stocks like ICPT and PBYI - incredible - no revenues and losing money - yet the stocks are trading at infinite PE ratio.
Anyway down to another stock that got wiped out today GTAT. Company declared bankruptcy and the stock cratered completely. If you look at the chart below you will see that our site buy/sell strategy would have saved you a ton of grief if you would have sold per the strategy sell signal at 17.50 - 18.00/share. You can see this in the chart below - the red arrow shows the sell signal. And for a simple subscription fee of $9.00 per month you could have saved yourself thousands of $$..
TruCharts team
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