Currently a falling knife while its sector is suffering cyclicality. AAOI will need to come clean on whether AMZN and FB have been lost. Chinese competition is pulling the sector down with possibly more supplies than demand. Add to that the weakened investor confidence in AAOI management. My suggestion is that you either short this or stay on the sidelines until after next ER. If ER disappoints, this will bleed to $25 if not below. Also, looks like institutions are dumping this since the beginning of December: fintel.io/so/us/aaoi
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.