Trading volume and SP

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Reply New Message

Prev Message Back To Forum Threaded View Next Message

POET 2020

Rank: Vice President [?]

Points: 4539 [?]

Votes: 223 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Trading volume and SP

posted on Jan 11, 2023 06:17PM

We had a huge day on Tuesday. Significantly higher than normal volume and a strong double digit jump in the SP.

It is normal to expect profit taking and a drop in SP on the following day. I was expecting a somewhat larger correction or give back today, so I am pleased with the close.

And the volume today was even higher than Tuesday. This bodes very well for us .

If this type of volume is sustained, we will burn through the profit taking very quickly, the stock will consolidate in a healthy manner and set the stage for the next leg up.

And with more significant news to come very soon, and continuing over Q1, looks to me like we are going to be in great shape.