looks like the shorts have covered

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

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kooter33

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looks like the shorts have covered

posted on Jan 18, 2017 01:28PM

there was a lot of wash trading, but bottom line was this thing was shorted all the way up to the 52 cent mark. The shorts have taken it all the way back down to the 50 DMA and looks like they are starting to cover. Lack of volume at the 34 cent level. I do believe retailers are slowly being shown the door. It has taken some very drastic moves to shake the tree as hard as they have to get the shares required.

Many are sitting on the sidelines waiting for something POET related before jumping in. Once we get news of the detector and/or VCSEL progress that may force the sideliners to jump in, or the LTermers to jump out. I am hoping they have flushed out all the garbage NRs and they are gearing up for a good run.