As investors scratch their heads at the recent bankruptcy of GT Advanced Technologies Inc (NASDAQ:GTAT), one analyst thinks he has the answer to the issue of why the firm surprised investors and declared Chapter 11 bankruptcy. The stock of GT (NASDAQ:GTAT) dropped nearly 93 percent yesterday, falling from $10.98 to $0.83 in one day. Investors picking the bones of the stock have snapped it up, as the shares have risen nearly 100 percent in one day and are currently trading near $1.80. GT Advanced Technologies Inc and Apple relationship GT Advanced Technologies Inc (NASDAQ:GTAT) is a sapphire manufacturer who won a massive $578…
GT Advanced Technologies Inc (GTAT) Sell-Off Started In September
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.