IMO, the SP was sold down by the warrant holders and MM's who were off side with the recent run-up to $ 2.82. IF the company requested warrant holders to exercise, they probably shorted and covered at lower prices to pay for their exercise costs. The BIG money is showing the nervous nellies retailers the door.
Skepticism is the keyword right now. GT's presentation at the Empire Club should alleviate some of these concerns/skepticism, but it will be a delayed reaction as Bay Street investigates this "disruptive technology". I believe PTK SP will see a bump on Monday, but the real rise will begin when Bay Street takes a position in a couple of weeks. Of course, this will change IF POET comes out with an NR between Monday and 2 weeks. If you are in,, relax,,, the TA is looking more promising and we know the fundamentals are in great shape. If you are not in yet don't wait too long as the Technicals improve.
All IMO! Have a nice weekend!
