Would you please give me an analysis of them and would you seet hem continuing their upward momentum?
Thanx as usual
Gary
POET has doubled this year, bringing market cap to $2B. Investors are speculating that it is close to signing a major hyperscaler partner, and the increased focus on optical interconnects for AI is also driving speculation. The CGFO has indicated that the company has received a purchase order from MRVL. It has $300M cash. BUT........revenue is essentially $0. Cash flow is negative. The stock has been in the past heavily promoted. Short interest is 9% and there was a recent short report on the company. Right now, the stock is running with the sector and FOMO. But the fundamentals are not quite there yet. Insiders own very little and have ben net sellers in the past six months. We have to be cautious here, but a short squeeze and sector interest could still drive further positive momentum.