Applied Optoelectronics Tanks On Q1 2024 Outlook: Buy The Dip

PratchayaI covered Applied Optoelectronics (NASDAQ:AAOI) last December on Seeking Alpha. The stock continued its uptrend ultimately hitting $25 per share around February 15. The stock price zig zagged up and down during this time, which allowed my short-term call options strategy great success. I also added shares to my long-term position during this time. I had bought shares around the $18 mark. News of Applied Optoelectronics’ weak Q1-2024 outlook tanked the stock price last week. The company expects  ...