If it drops again tomorrow I have a bid at $12, but will not be shy to jump back in higher if it seems to have been a false alarm As far as I know Corrigent (their main subsidiary) does not depend only on KKDI. Furthermore, as the deployment of optical communications in metros gets on, Corrigent should get a very healthy chunk of the business.
I have some very painful position from $22. Since the beginning of the month, I have accumulated a trading cushion of about $6, if it does not bounce back to the $24/8 area, well, that cushion will not be enough....I think that they will surprise and come up with about $.25/share, and frankly, for a company in the focus of the optical communication space and quite good at it, a market cap of less than $200 MM is cheap, next year, they have a shot at $1.25 to $1.50 per share. Dirt cheap here, one reason I kep adding all day and at one point I had seven position (two were taken off doe some mild profits, not sufficient, however to relieve the pain.
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