Assuming your TIE Phantom has no stress and otherwise could attack, but there are no enemy ships in the firing arc, could a Phantom with the Advanced Cloaking Device recloak during its turn to attack (i.e., shoot at nothing, for instance), or does it miss its chance to recloak because either no enemies ended up in its firing arc or it ran into the only enemy ship in the arc?

You can't shoot at nothing, nor shoot at a friendly ship.

The danger of decloaking when you have nothing left to distract when you attack to give you a chance to recloak.

Some players get over-excited by the plethora of moves available to a decloaking ship, that they fail to see the consequences if there's nothing to attack. Sometimes it's just better to stay cloaked and get into a better position with good old fashioned maneuvering.

Except if there's genuinely nothing to attack you can always use your action to recloak so there's rarely any harm in decloaking unless you're bumping or hitting an obstacle.

Except if there's genuinely nothing to attack you can always use your action to recloak so there's rarely any harm in decloaking unless you're bumping or hitting an obstacle.

My point was some players tend to think "I can decloak, then do a 3-bank, then barrel roll and I'll be halfway across the board before the other guys realises it!"

But they fail to take into account the other player possibly moving out of arc. Then the Phantom is left with it's tail hanging in the breeze and no target to trigger the ACD.

I've seen it happen quite a few times when a player takes a squadron pilot with lower PS. It can be fatal. Those lower PS Phantoms have to be used even more carefully than the named pilots.

There's a reason they reworded the Blinded Pilot damage card in the new deck.

In the old deck you must attack, if there's no target you can't heal.

In the new deck it's enough to technically be able to attack in order to flip the card over.