Re: Someone knows Jingming Yao?
posted on
Aug 20, 2015 01:24PM
I agree FJ that the volume is up, but the movement has been more in favor of the Bid, not the Ask, which is less desireable. There might be a lot of fresh hands holding 12 million+ new shares this past week at an amazing discount, but does little good to the guy who has been holding for months/years at a higher average price.
My comment was trying to emphasize that good news should push the bid to new highs, but all good news thus far has been regarded with a shrug. Revenues and contracts are going to be the key motivator for new highs.
This is a reasonable expectation as having the best product means nothing if its never going to market. I don't think many here have any doubt that POET IS the best technology hands down. We just want to see the handshake that makes it a reality...and I'm extremely hopeful it will.
I too have been accumulating part of that volume the past few days to average down, but unlike my numerous past purchases, will not be averaging up until revenue news materializes. I just don't want to see comments like "September news" get too many expectations up if there are no revenues attached. It will only end up hurting those with shallow pockets, and us longs who want stability to the expectations and stock price.