POET Technologies breaks to the upside

POET Technologies (PTK:TSXV) gapped up 8 cents or 6.25% to close at $1.36 per share Tuesday. The actively traded junior tech stock has now broken above its 20 DMA.

On a day that saw the TSX Venture decline and most commodity-based equities sell-off hard, two members, 'Quan Gork' and 'Cave2' saw their combined average returns climb.

Both members selected POET Technologies for February's Stock Challenge.

POET Technologies reacts to "3rd Party Foundry"

One hour before its shares began trading in Toronto, POET Technologies announced the completion of its "3rd Party Foundry" 40/100-nm Transfer Milestone.

Remember, POET Technologies is the developer of the planar opto-electronic technology ("POET") platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer.

POET hopes to be the company to re-write the history books and overcome the physical limitations associated with Moore’s Law, which has dictated the pace of technological change in respect to the number of transistors on a chip.

By integrating optics and electronics onto one monolithic chip, POET will provide its customers a new platform. We first wrote about the company over one year ago, on January 7th, 2014 in an article titled, POET Technologies: TSX Venture Tech Stock you haven't heard of.

Below is a short excerpt from POET press release this morning.

"The Company completed its "3rd Party Foundry" 40/100-nm transfer milestone consisting of completing the critical layers of the Transistor Fabrication Process. This flow process will allow the Company to generate more complex prototypes and test structures. As the POET process node size shrinks, this facilitates new industry innovations and furthers development work. This new epitaxial flow process includes new innovations in the POET prototype fabrication process. These innovations were necessary to continue the optimization work of the 100 and 40-nm foundation devices of our technology."

Click here to read the entire press release.

POET Dominates February's Stock Challenge

Four of the Top 10 Challengers, including the leader, in February's Stock Challenge have selected POET Technologies.

20% of the Top 50 Challengers have selected POET as one of their picks for February.

New member and leader of February's Stock Challenge, 'powBYpoet' has also selected POET Technologies and finished up Tuesday in fine form with a 55.08% combined average return.

The TSX Venture lost 5 points or 0.74% to close at 691.04 Tuesday. The TSX somehow held onto an 11 point gain as oil and gold sold off.


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