this $POET Tech(POET.US) story is just incredible
- only photonics stock to do nothing all year- short report 2 weeks ago takes it down to $6.80- CFO confirms a $Marvell Tech(MRVL.US) order on a podcast a few days later- stock jumps from $6.80 to $17- Marvell comes out and says that was a breach of confidentiality- stock down 45% in a daythe crazy thing about this is that the CEO of POET owns…7,000 shares. what do people think? is it a buy the dip because their optics tech will be used somewhere else? CFO leaking news is just a never touch stock?the south koreans are HEAVY in this name, many of them have been forming groups for the past year and sharing their DD. last week was a huge win for them which created more fomo on this name across the world but today feels like a material reason for the stock to be down over the short report from a few weeks ago. still has $430M in cash but barely any revenue and with a big order getting canceled…the hope of that revenue growth seems to be the reason the stock is getting hit. how are people thinking of this one?Source: amit
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