exactly Rick The Vet!
Don't sweat the price guys. Day traders hate to hold a position through the weekend and usually start selling Thursday afternoon. After this little pull back we will be ready to hit $1.40 by mid November.
After a significant run-up there will always be a correction, because POET is a "pre-revenue" company. MM's, DTs are in full control right now. DT's dont believe and dont care about the fundamentals of the company. They only believe in the short term trade, nothing more. Next week may begin to show some fruits for management's labour but it takes time for analysts to write reports recommendations and institutions to demonstrate a commitment to buy. 200 DMA @ 1.32 is major resistance. When it breaks thru the 200, the DTs will go long and the bullish trend will return with full force.
GL.