Want to see this breakout but still needs volume/news
$EMCORE (EMKR.US)$ Took some profits up here due to low volume but I dont plan on staying away for too long. Everytime I sell this one I regrett it lol, always comes back stronger.
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malvino : I'm here taking your advice look thru it and it do look strong let's see
The Real Wojak OP : It’s got a lot to like. Trading safely over a dollar while also having a low market cap of about $10M so not much downside risk. Revenue is close to $100M (90 something) and they just beat last ER by 70% so even tho still losing money they are getting way closer to achieving profitability. Imo they should already be profitable since they have a good margin on their products. Cost of revenue is only like 35-40M for them to make 70-80M so they are cash flow positive they just spent it on other stuff. Company is in a good sector military defense but also with civilian application. They sell radar equipment. Then u add in that they have that big gap to fill and the letter recently that provided some closure for their credit default issue which is what brought them down in the first place and man this starts looking pretty good
The Real Wojak OP : I just want to buy back in the $1.30’s if I can