I think this is a decent price point. There's lots of year end tax selling. Alot of stock has come in since the secondary. Although some may be cynical about the Neophotonics IPO due out in the first half of next year, I think the end of the long drought will be a major pivot point for this stock. They also have another 4 or 5 mature stocks in their incubator. That's why I'm buying today. It could drift lower towards year end, but there will be another run next year if you have a 4 - 6 month horizon.
I have been following this POS oh so promising company since its peak in 2000. For anyone who ever wanted to make money on this thing, it is a huge disappointment. If you like reading tea leaves and predicting the future, its a great success.