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POET Technologies Inc. V.PTK

Alternate Symbol(s):  POET

POET Technologies Inc brings solutions for faster and more cost-efficient data transfers. Its proprietary Optical Interposer is the foundation of an elegant platform that provides seamless integration of electronic and photonic devices into a single module. The company has multiple customers who build next-generation products for Data Centers, Telecoms, Artificial Intelligence, Internet of Things, Automotive LIDAR, Wearables, and more. POET has offices in Canada, the U.S., Singapore and China.


TSXV:PTK - Post by User

Bullboard Posts
Post by eaqlefreshairon Jan 19, 2012 5:51pm
290 Views
Post# 19424198

My theory

My theory

Is that they let it go up starting Jan 2.   And like idiots we all assumed it was going up because  tax loss selling was done and the worst was over.   There was very little resistance going to 40 and support was building.    Then BAM,  Kunkel dumps 250k just before news that financing in cancelled.   Then Shelly steps in and takes over selling hand over fist.   Now, a 5-10 % haircut per day is the norm.   If it looks like a duck and walks like a duck well, you know the rest.   And it's far from over.  If they take a break from selling for a few days you know they are lurking, waiting for some decent bids.  Just pray that their threshold is .25.   Averaging down  above .15 is way too risky at this point.  If it goes below .20 it may very well go below .10 within 30 days.     

Bullboard Posts