Danny cheng
Technology Investor, Homily Charts & Technical Analysis
POET Technologies' momentum is turning up, with whale accumulation climbing to 67.01%. A bullish candle printed on June 16, but the signal only fully plays out on a close above $15.08, while a close below $12.84 invalidates it. Momentum bars at $13.9 and $15.3 are key resistance, and breaking above them could trigger stronger upside. x.comÂ
POET Technologies is going parabolic with a whale still in and buying pressure strong, and there is a serious chance it runs to fill the gap at $12.50 in the coming weeks. x.com x.comÂ
POET Technologies is still very early in its growth. Revenue grew 112% year over year with six straight quarters of sequential growth, and it is showcasing new laser light source technology for AI interconnects this week. It is one worth being patient with. x.comÂ
It is time to fully let go of POET after news of a new equity raise. @ganziboy11, reporting the raise, notes that POET's technology may be good but the company's approach looks odd. x.comÂ
POET Technologies' setup remains intact despite a 9% weekly drop on good news, and Jim Cramer's call four months ago that it was losing too much money has proven wrong. Since then it raised $150 million, won a Lightwave Innovation Award, partnered with LITEON and signed a 1.6T AI transceiver deal with Lessengers. x.comÂ
POET Technologies looks wildly overvalued at 1,308 times trailing sales. At the March 2000 dot-com peak, the richest notable surviving stocks traded far lower, with Cisco at 35x, Oracle at 27x and Microsoft at 26x. x.comÂ
POET Technologies will likely dilute shareholders soon because it desperately needs to raise cash. That comes after an 80% three-day rally sparked by its CTO confirming an order from Celestial AI. x.comÂ
POET Technologies' rally is incredibly fragile after Marvell canceled all purchase orders tied to Celestial AI, including initial production orders, per @wallstengine. POET says the cancellation stems from alleged confidentiality breaches and that it still serves other customers, including a separate $5M order. x.comÂ
POET looks headed toward zero after Marvell cancelled its Celestial AI orders over a confidentiality breach, costing POET basically its only big customer. With only three or four major end customers, who could use COUPE instead, no revenue and ongoing cash burn, its reputation may never recover. The Marvell contract likely helped its $300M-plus raise, so investors may sue for their money back, and the stock could easily fall below $5. x.com x.com x.com x.com x.com x.com x.com x.com x.com x.com … Show more
POET Technologies carries too much uncertainty after issuing a $400M direct offering right at its all-time high, on top of extreme volatility and continued dilution; it is not one to touch in the near future. That is despite NMR's short report being misleading: per @Scrollingaat, the abandoned office NMR photographed as POET's headquarters belongs to Puzzle Cats, a gaming company on the same floor, while POET's filed address is Suite 1107, 120 Eglinton Ave East, Toronto. x.com x.comÂ
POET is now an unknown after Night Market Research's short report alleged its partnership story is dead, so stepping aside makes sense until management gives verifiable counter-evidence. Per the report, Celestial AI says POET hasn't come up internally since 2023, Foxconn executives stopped using it two years ago, Luxshare executives never heard of it and its Toronto HQ was empty. The optical interconnect bottleneck is real, but Lumentum and Coherent are the durable picks in the subsector. x.com … Show more
