Good morning!
Last Friday, we proposed the notion that the technicals supported a possible imminent breakout as soon as this week.
After yesterday's outstanding performance, with over 6 million shares traded and a 6-7% share price upmove (in spite of the profit-taking at the close), I think its safe to say we have seen a real BREAKOUT in POET stock! And as Rick the Vet since noted, "volume begets volume and price appreciation begets (further) appreciation". I would expect confirmation of the upmove today with a substantial upmove on heavy volume, on both the US and Canadian exchanges!
We've all been waiting patiently for this kind of action...so lets hope its the real thing this time. Any additional news now, especially related to business deals should really put a kicker under POET's share price.
Best of luck to all patient longs!
MtnView