$Corning(GLW)$ Looking at the whole week puts the move in perspective. This looks like a retracement of the entire parabolic run, not just a normal pullback. The stock ran from around $200 to $270 in about a week and a half on the AI-fiber hype, and it's now given back almost the entire move in a handful of sessions, landing right back near where the breakout above $220 started. That's the flat consolidation zone around $218-222 from mid-to-late June, before the big move. That old consolidation zone seems like a logical place for buyers to step back in—it's known support, not just a random oversold level.
$Corning(GLW)$ The RSI is at 16, which is extremely low and deeply oversold. Even if it drops to $218, which would confirm a double bottom, a sharp bounce could force shorts to cover.
$Applied Optoelectronics(AAOI)$ Don't invest solely based on charts. I'm more focused on upcoming guidance and evidence that the ramp is actually happening. Based on growth expectations, this is not overvalued by any means, arguably the cheapest in the sector when you bake growth into valuation. I'll be adding to my position today.
The best thing about these choppy, pullback days is that the truly strong names stand out like a sore thumb—stocks making new highs, forming higher lows, and holding key moving averages. That's what strength looks like. These are the ones worth watching when the market starts to turn. A few that are standing out to me right now: $Digital Turbine(APPS)$ $Corning(GLW)$ $Sezzle Inc(SEZL)$ CGNX. Sharing the framework and levels—no paywall, just some structured positioning thinking.
$Applied Optoelectronics(AAOI)$ This is one of those names where you either want exposure, or you don't. The simplified bull case: ▸ FY2026 revenue guided over $1.1B, roughly +140% YoY ▸ Supply constrained vs demand through 2027 ▸ Mid-2027 model implies ~$471M/month transceiver revenue, an annualized run-rate of ~$5.7B (before CATV upside) The key angle: it's one of the only US players vertically integrating laser chip production, just as hyperscalers prioritize supply chain control. On top of that, CPO/ELSFP adoption adds another layer of optionality. The Street is already chasing it higher: Rosenblatt around $220 Raymond James around $160 But the run-rate math still looks ahead of consensus. Yes, volatility i
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ This is definitely worth a shot at these levels. Semiconductors are so overdone, really overdone. I can't time it, but I can wait. Taking a very long position here. Not huge, but long!
$Applied Optoelectronics(AAOI)$ AAOI...always entertaining and almost always very profitable. Some folks just take things too seriously. Good luck to all.