Mark, it comes down to one thing,institutional investors do not want to hold any small stocks that appear to be illiquid. Look at this spooky parallel of two small telecom suppliers,both over 10 years old,both well run,ORTL and HLIT.
techstocks.com
But on the other hand TLAB had fantastic earnings,it seems SONET is strong and DWDM will run well with SONET under it at Layer One. HLIT is firing on almost all cylinders,except for Asia. I am not sure how Canada is going right now,but the US market is heating up.
Its just plain fear of the unknown,and to these young institutional guns its better to hold INTC,MSFT,LUcy,CSCO than any small company. Who wants to take a chance,not those guys. Well we need a leader to pull the fiber optics companies up by the bootstraps,its not going to be CIEN,maybe LUcy or NT will.
Tim |
