EMCORE Corporation (EMKR)

[dmlabuda]

Yes, I'm keeping an eye on EMKR. In my opinion, it's way over valued at the moment and I do not think that support at $4.00 will hold. They have no positive earnings so, all they did was raise the price of the stock with that reverse split. But, it's not worth $4.00/share even with a smaller float because the earnings are not there. The Price/Book ratio is $1.42 so that should be the absolute bottom give or take $0.50/share. I'm inclined to be patient and see what it does. If there are increased sales in the next quarterly then perhaps we will see some stability in the price. But with a PE of -$1.95, it's not likely to be worth $4.00 in the eyes of investors and traders. Just my opinion. I'm still watching ROSG and it still looks like it could still reach the original objective I had for it. ROSG - Weekly Candlesticks