So, I do have a portfolio with about a dozen other stocks. Some are long term plays that pay nice dividends, some I trade in and out of as they go through their cycles.
So, I'm afraid it's nothing quite so fabulous as your snide little remarks about why I hate Tokman. I believe he is a thief and a liar who has lined his pockets with shareholders money. He tried it with my money but I got out. I have made many thousands of dollars betting against this company over the years. My original investment made me several tens of thousands of dollars. But the company is run by criminals and liars. There are people who post on this board who can only hold the views they do because they don't understand what is going on. Microvision stock will never trade at $10 a share regardless of what they do. There just isn't enough interest in the technology. Perhaps 7 or 8 years ago there was but there are alternative technologies out there that are far more reliable, far less expensive and much more available than Microvision's tech ever will be.
I post here because people like Spazz, Stewart, Cletus, Jeffers, scooter et al, are, at best idiots that don't know what they are doing and at worst they are monumental liars. So I offer an opposing point of view. One that can be backed up by history and facts. I understand you would like to think I have lost a lot and I'm angry. You don't like what I say so you want me to suffer. But the simple facts of the matter are that I'm not angry at all. In fact I couldn't be happier. I've made a fortune trading this stock. I've just done it betting against you and the company.
Well, that's quite a laundry list. So, here's why. I had no idea that Microvision even existed before mid 2007. I came across the company through the company I worked for at that time and learned a little about what they were trying to achieve with the technology. I knew they were a ways away from having the technology ready for market but I followed the company for a couple of years. Then about March or April of 2009 Tokman said that they were close and that they would launch the first product "this summer". So, I bought about 10k shares and I paid about $1.55 for them in old money. I held those shares through the spring and summer of 2009 and Tokman did a sales job with his we are launching this summer speech.
As the summer wore on with no launch in sight I began to have my doubts but the share price was going up. The first warning that not everything in the garden was Rosy came on the very last day of summer when they announced that they had launched the first of their products to the first of three OEM's. Uniden, Mint and someone else, I forget who. They had the Q3 CC at the end of October and within five minutes of Tokman opening his mouth it became absolutely clear to me that he was lying and that they had, in fact, not launched anything to anyone. So I sold my shares and I got a bit over $4 a share.
Tokman had lied. He kept lying. "Shipments are ongoing". "Green Lasers will not be an issue in 2010". "Vodafone has signed up to distribute the showWX in Europe". and the share price just kept going down and down.
Then you had the likes of Joe Spazz, Stewart, Cletus and all the rest of the Pom-pom waving lemmings posting that the share price crash was all part of a master plan that mere mortals couldn't possibly understand because AT was some kind of Boy genius. And the share price just kept going down.
By this time I was playing the trading game and it became so easy to make money trading Microvision. All you had to do was bet against Microvision.
Actually, all I have put in is profits from other Microvision trades. You can say what you want. This is a free country and it doesn't matter to me, at all, what you think.
Sheeeesh microwishin, give me a chance. contrary to popular belief I don't spend all day on this board. I pop on and off when I have a few spare minutes.
The answer is simple. I do not have a stop price on the shares. But as I say, I don't intend to hold them very long. If I see the shares break $1.80 I'd think about selling and taking a loss but I don't think it's going much lower in a sustainable way. I think it is probably a little over sold at this time given the support it seems to have.
I'm not sure why there is support around this price level. Given the company looks like missing the "ramp up in second half of 2014" promise and the consequent delay to market and revenues I don't see a business until mid 2015 at the earliest.
But it's a trade. It's not me becoming a loyal long. I trade short when I think its going to go down. I think it might go up once the market shakes itself out a little. So, I'll trade. If I can get 20 cents a share I'll be happy. If I get more I'll be very happy.
Hmmmm, So, from last Monday through today I have built a long position of 100,000 shares. My average is $1.88. I'll be looking to unload the shares in to any strength above $2.05. If no movement in share price happens in seven to ten trading days I'll sell anyway.
You are a religious bigot and a fool. You have absolutely no idea what you are talking about and spreading the lies you do you should be ashamed of yourself.
There has never been a less knowledgeable poster on this board than you. And there have been some really dumb people that have posted over the years. Not a single one of your "predictions" have ever come even remotely close to being correct.
So, please, keep your lies to yourself and your religious pontifications for fairy story school.
Aggggggghhhhhh ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!! Oh, stop it. That's Soooooooo funny!!!
You'll remember this September the same way you remember all the other September's. Having lost more money on your Microvision investment. Why don't you go and see what the birdy is saying. You seem to like stuff like that!
No. Just you. With an hour gone in the trading day and only 43k shares traded there doesn't seem to be much interest in buying.
The reason for this is that getting a PO for "Almost" $1.9 million with no other information does more harm than good.
"In the world of business we say..............." You say? In the world of business all you have ever done is show your utter ignorance of how business works. Your pumping of this stock for years without result, no, even worse, through utter disaster, shows you know absolutely nothing about business.
I understand you won't reply to me but I post this on here so others wondering by might understand just how terribly wrong you have been for the best part of TEN YEARS.
So, you think that projecting movies on a windshield of a car will be legal? Or effing around with Apps while you are driving will be legal? The HUD will have to be a somewhat passive tool. A one touch system that does not provide entertainment or distract the driver in any way.
If you seriously think that a HUD will provide video content or movies you are snorting some serious chemicals. It will give basic information that has already been approved for cars. Navigation, speed, etc.
Movies? Good lord!
But a Lexus is a very different beast than a Toyota. The seats are more comfortable, the sound system is far better, the suspension is better giving a smoother ride, the interior is far nicer and the resale value holds up better than a run of the mill Camry.
There is a great deal of difference and those differences I'm willing to pay for. What I'm not willing to pay for are add-on's for the sake of add-on's. The car cost $73,000 and I could certainly afford the $1,700 for a HUD but why would I want to? $1,700 is a significant amount of money. ( it would buy 925 Microvision shares, for example, or a flight for my wife and I to Hawaii or 17 nice dinners out). I have no need for a HUD. It wouldn't make my driving any safer, it wouldn't make the car go faster, it wouldn't make it any more comfortable and it wouldn't increase the resale value of the car. In short, my $1,700 would become worthless the moment I drove the car out of the showroom.
I willingly pay for luxury when it's appropriate but I'm not in the habit of wasting $1,700 on something I don't need or want.
Yeah, but there is a very big difference between Air Conditioning and a HUD. All the HUD does is move information about 7 inches higher than the instrument cluster. I mean, it's a neat and nifty idea and all but it sure as poooop isn't worth $1,700.
All I'm saying is that while it might be a neat and nifty idea it is neither a necessity or something that people are waiting around for. I drive a Lexus and when I was buying it I was offered all kinds of goodies. Some as standard and some were options. They wanted $1,000 for 19 inch wheels. They were nice but I said no because they weren't $1,000 nice. If they had offered a $1,700 HUD I'd have laughed at the salesman.
For a HUD to really become acceptable they need to be included in the package. Otherwise it's a few Gang bangers and the odd gizmo-geek that would think that a HUD was a41,700 necessity. You are making the mistake thinking that people are waiting for this. They're not. Right now no one gives a hoot about HUD's. They are too expensive and are completely unnecessary.
even from the attempted pumps from the pom-pom wavers on this board, that Microvision in HUD's is still a year or two away at best.
I have seen figures of $1,500 or $1,700 as the cost for this optional extra. No one is going to willingly plonk down an extra $1.700 for a gizmo that isn't needed and is a novelty item at best. This is evidenced by the incredible lack of interest in the product. I haven't heard or seen anyone that is waiting eagerly for a HUD in their car. Pioneers attempt to seed the market showed that a market doesn't exist for a blisteringly expensive HUD.
That's why the market is singularly unimpressed with these announcements of small development deals that Microvision is announcing. What all these deals show is that there is still a fundamental issue with the availability of DGL's. What few there are are very, very expensive.
Until a HUD can be put in to vehicles as standard equipment at a cost of $100 to car manufacturers HUDS are going to be an unnecessary luxury items that don't contribute anything to a vehicles design or desirability. HUD's are a dead end. Pioneer figured that out pretty quickly.