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OIIM - O2Micro International Is Stopped In Its Tracks
O2Micro International Limited
Revenue and non-GAAP EPS grew by 51.6% and 300% YoY, respectively, in the Q2 report, but the report still caused a surging stock to halt and reverse course.
While the Q2 report contained some nice-looking numbers, they were overshadowed by other more troubling signs.
The stock has been trending lower with a series of lower highs and lower lows, and the quarterly reports had a lot to do with it.
There may still come a time to go long OIIM once again, but now does not seem to be that time.