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Applied Optoelectronics is way too risky to buy here, with risk-reward far from ideal. A failed breakdown last week on heavy buy volume and a lower wick off its all-time anchored VWAP give some fuel, but the logical stop sits 25% lower at last week's low. The largest dark-pool print on record at $223 sits overhead, and heavy volume there can mark a short-term climax; without momentum the stock can quickly become dead money. A sweep of recent lows to about $160 would be a far better entry. x.comÂ
