Q: Why the huge volume today and your thoughts on an initial position in them?
Thanx as usual
Gary
Thanx as usual
Gary
5i Research Answer:
POET is having a big week on big volume, with 59M shares traded yesterday. The company reported news that it has closed a $75M private placement with a single instutional investor. This set off a frenzy of stock forum comments on sites such as WallStreetBets. POET has more cash now (about $150M total) but still no revenue. It is small and risky, and we would not chase this.