Poet Technologies Inc (POET)

[mackwheaton]

This didn’t follow the normal 2 days of exhilaration, followed by profit taking back down the hill. You could argue that yesterday was a day of healthy consolidation, market caught its breath, and closed with it up another 25% today, this weekend there are going to be a lot of eyes looking at what happened this and wondering what’s it’s about. We could see a resumption next week with new money coming in (at least early in the week) with volume.

Volume was down a bit today, it also would have been a day to take the week’s profits. Yet up we went again. This whole week felt more like accumulation than a day traders’ battle, pullback were orderly and short in duration.

Agreed KCCO that anything short of several million tucked away courtesy of the ATM would be inexcusable at this point.

With no news to sustain/support this, I do expect to see the requisite hit piece published somewhere by a short player who thinks they can take advantage of the huge run up and lower volume/interest to drive a sharp decline. It almost always happens, and it may be great time to add some shares because a rebound will come. There is just too much steady buying interest to believe that it is one off run based on one positive blog. And if there is significant cash added to the coffers, that is a huge weight off of the share price.

Enjoy the weekend.