Posted on 10/07/2014 9:41:00 AM PDT by Kartographer
The move caught the market flat-footed, and, after the announcement, shares of the company were down 90%.
The drop in shares of GT on Monday has taken the company's market cap from roughly $1.5 billion Friday to about $175 million.
(Excerpt) Read more at finance.yahoo.com ...
ping!
Anybody who took a short position on the stock made a killing.
The stock market is a crapshoot. That’s why they call it gambling.
GET READY
Comments at site say that Apple was behind it, wanted to buy the company cheap.
Whoever wrote this article is a moron... using Goodyear Tires ticker symbol in the text when this is an unrelated tech company.
AAPLE is worth
$600B
profits are 36B
not much incentive to drive a hard bargain or look for a bargain. Who knows.
no guarantee they get much of the company now.
Oh, it’s fun to swim with the Sharks. They’re big and powerful and hungry. The only problem is, sometimes they bite you in the ass.
Agree, the correct symbol is GTAT, and it’s rebounding nicely today. A nice buying opportunity.
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