a very similar story to PBY. Baby thrown out with bathwater. A going concern whose stock tanked.
these guys make real product...cisco uses their lasers in their optical switches. Good stuff i use them at work.
the play is long term upgrade of telecommunications equipment that is nearing its normal 7 year life expectancy. Also a growth in internet data. These guys make fast, eg. 100 gig and DWDM lasers that are required for upgrades.
When we hit $8.52 today or Monday, every single person that has bought PBY since 9-10-08 will have a profit locked in.....there has only been 2 days where stock traded higher than current price. There will be profit taking on Tuesday. No question. However, institutional and mutual funds will be buying if news exceeds expectations. They will be wanting to window dress prior to quarter close 6-30-09. DaninFW