The pressure cooker is slowly reaching temp. Inside everything is just now starting to heat up......one big OEM announces they are using the MVIS tech in the new Iwatch.......and KABOOM!!!!! Really it doesn't even have to be MVIS. Every tech investor on the planet has been waiting for the next big thing to hit handhelds....the paradigm #$%$....the tech that will catapult the user experience into orbit. Wall St. Will scramble to get their hands on anything that even resembles relevance to the massive movement. I think it's like having an itchy trigger finger. Shoot first ask questions later.
I really hate the negative ... but I did own this stock at 64 ... road it all the way down and have been waiting ever since ... I thought that the military use would be the big money ... bar scanners? ... they need to figure it out or sell the patents ... that is my opinion ... not that anyone ask!
The market is waiting while it drifts along down here forming a new cup. The stock isn't moribund, it just resting, getting it's strength up for the marathon, lol. The second peak is coming, it always does. If there is one thing Mvis does, it jumps around like St. Vitus Dance on any rumor, news, or belch from Cupertino. The market knows this and watches....and waits. 3.36/3.39 ought to do it....then the breakout after the handle forms should get us over 3.50 this time :)
Uh, sorry Mr. Van Winkle, I hope this doesn't come as an inconvenient news flash, but they already (and recently) announced a deal with an unnamed major global electronics manufacturer. And guess what happened? :/
....your kidding right? Big difference with unnamed and specific. Apple, Samsung, Nokia, Blackberry(who is desperately seeking a game changer) etc. etc. OR eventually everybody!! With the patents on this tech. on lock down this is starting to look interesting. I'm hearing the JAWS theme faintly in the background and for once it's not slumpy circling a box of donuts.