If you've held MIPS for any amount of time, it's hard to understand how you could have been burned. It's up over 220% since January. Have you been shorting and daytrading? Even shares I've held for years prior to quadrupling position in January are up nearly 100% now. This stock is not likely to shoot into the stratosphere as one poster has pondered, but if new contracts and licensing continues to develop
for new apps for MIPS technology, I don't see why we shouldn't see continuing appreciation in share price. Why not $20 or $25 in the next year, or two?
This is like the greatest story ever told - with earnings momentum. It's the kind of stock that could go to 100. They have one direct competitor in the hottest socket in chips, and no manufacturing constraints because they're fab-less. Their chips pack 1/3rd more punch than ARM which means better battery life as well as processing power. Who knows, bigger competitors could clobber them, but as far as shots are concerned, it doesn't get better than this. A little proof could go a very long way. And this CEO tells the story amazingly well. He's presenting tonight - I wouldn't be surprised to see tomorrow bring good things.
The CEO drafted up a contract so he can get out of his shares no sooner than he was off the air of Cramer's Pump & Dump Mad Money and the insiders have been dumping as fast as they can...but if you know more than them then have at it.