InvestAnswers on $LITE (Nov 4, 2026)
LITE fell 50% in 26 days from an all-time high to its July $600 level; the speaker calls the move oversold and irrational given LITE is profitable and fully booked for years, while noting there is still no technical buy signal.
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Lumintum also suffered a major blow.
Ghost Morn notes that Light is $100 cheaper than Marvel's 4.5. Yes, this is correct. Let's look at Lumintum, whose symbol is Light. This is somewhat crazy compared to what is actually happening.
I should have put a line here. Doo doo doo. Bear with me a little longer. Light. Here it is. I knew she was in my possession. Yes, indeed, here we are going back to the July lows again.
Lumintum was exactly at this level, $600 last July. It has returned to exactly the same price. Waiting for this thing to change. Let's go in and round up to a 6-hour timeframe, perhaps.
There is still no buy signal, but you can see that it is back exactly where it was in July. Put the small line here. Boom. Hmm, this pair presents a problem. I think they should do that.
If I were in their place, I know they would have to pay about $2 or something like that. Or 2.3 million. I saw that there was a penalty if they cancelled the contract, but perhaps they should, then go their separate ways, and then merge again.
But the problem is that if these two companies were to come together, the synergy would be insane because they would become absolutely essential to every AI-powered data center, and together they would have the leading solution for data center connectivity.
So, yes, this company is definitely suffering from overselling. Remember, let's measure this time because it's crazy to see it. But it hit an all-time high 26 days ago. It has decreased by 50% in 26 days.
As you know, it is a very profitable company, and it makes a lot of money. Also, its products are fully booked for years. So, once again, this is the irrational nature of the markets we are currently seeing.