Wednesday, June 27, 2007

Update MVIS

Finally back from my short vacation. Hopefully, I will be able to devote more time towards my investing. Just did some initial charting tonight on MVIS partly because of the higher volume sell off. I don't know the reason for the move(warrant conversion?), nor do I really care due to my rock solid beliefs in the long term viability of this company. I will however say that the technicals have just got a whole lot more bearish. Despite the now tarnish chart, the fundamental story has now improved. The question is can longs handle Microvision moving in directions besides straight up?

BTW: During my post yesterday regarding PEIX I neglected to mention that I purchased the July $12.50 call options for $.65.

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