ok. The usual recommendation to people who want to get into a particular stock is split the money in half, spend the first half buying around your entry level and use the other half to buy on every dip. The other problems to consider with many smaller orders are commissions and if you make many orders in one day you may fall under 'day trader' rule and your broker may put a temporary hold on your trading activities. Etrade has limit of 3 trades per day as far as I know. I think all-or-none orders will get ignored if it cannot be filled so the price will go down passing your bid.
It's not a poker - "I am all in"
There are many names you could be called with your strategy in MVIS.
The most gentle is "unwise"
By splicing your order in smaller sizes and firing them up sequentially you can really drive it up and be in black on average by end of the day.
Well, I give you the benefit of doubt , although a person with half a mil available to invest and not knowing how market works sounds a bit implausible. Check my post on EMAN board - I run into similar problem yesterday but on much smaller scale . It's all high speed trading by computers - you put your limit order in and bid and ask move right away , within a second. You cancel order and they reshuffle back , again within a second or 2. EMAN is even easier to track down as it's extremely thin traded. I ended up with market order and got a better price .
What are you trying to prove ?
It's a well known tactic by short sellers to drive price down - make a large size bid and a small size bid and as soon as the small bid fills cancel the large size order and move bid price lower.
If you and your friend are not short on MVIS then stop acting like one.
If you made a bid @3.42 then you must thought that 3.42 price is good enough. Why don't you grab 3.40 or 3.39 then ?
The expected dive still caught me slightly off guard and I had margin call for -35$ So I needed to sell a 100 shares. And then the fun started.
I see Bid/Ask 2.22 /2.26 and place my limit order at 2.25 - within a second the bid drops to 2.21 and next ask goes to 2.27 on L2
i cancel the order and L2 shows some reshuffling and things go to 2.22/2.26
I put another order at 2.24 this time and L2 is bounce around for a second and bid is now 2.20.
I cancel the order and it caused some waves back and forth on L2 again.
Put an order for 2.23 and the same thing again.
So time was running out and I canceled and waited L2 to calm down at 2.22/2.26 and placed market order - and it was executed at 2.2360 .
High frequency trading should be banned.
The only thing EMASCAM got right is timing
Every time he appears here the stock price jumps.
It looks like he got it finally and is afraid to show up.
Long time ago someone said here :
"there are actually only 2 real posters on this yahoo MB - you and me. We're just changing ids to simulate a broad audience. You and I both know it" . That was before Acy left the YMB and started his blog. Since he left it became a real chore to emulate activity here. I wonder sometimes why am I doing it.
Better free up some cash and get ready .
It looks like someone wants to play the same game as before - dip it below $2 to kick in margin calls and then load the truck . It's now within trading range.
"EMANSCAM is the only smart investor period"
Are you trying to say that you are EMANSCAM or that you are not smart ?
Intel deal for VUZI and Sony deal for MVIS definitely changed the picture.
Not sure why do you have OLED there - it's not related to Augmented nor Virtual reality.
Or it could be that he just visited eMagin HQ and was overwhelmed by 'the possibilities' of using our displays in new version of Vuzix M100
A few points here :
- Vista Partners got a year of contract from Vuzix. So expect another report from them in 3 months. You probably should trust is just like you trust this one.
- Vista partners used only publicly available information. Or so they say. I don't get how they could get $12 price target using cash flow model BEFORE earning data were made public. The cash flow data was the same as when they had $8 price target So I think that their $12 price target is just made up number to satisfy the requirements of the contract.
- There are no non-paid analysts out there - they all paid, just by different clients and so they set different targets. If you think they are going to be more reliable , you will be disappointed. You best hope is that crooks will play the same hand as you .
- I am amazed that bolles called VUZI "microcrap" . Subconscious slip of a tongue ?
25% of Series A that control the decisions is part of the deal. It's in 10K.
"The shares issuable upon conversion of the Series A Preferred Stock then represented approximately 30% of the total voting power of our outstanding stock. ... The Series A Purchaser has not yet exercised the Board Election Right, but if it does so, the Series A Purchaser will have increased influence over matters considered by the Board of Directors. The Series A Purchaser may exercise its stockholder rights in a way that it believes is in its best interests, which may conflict with the interests of our other stockholders. "
i imagine that Paul was waiting till the last moment to agree to the deal. 85K in cash is quite a desperate situation, you had probably more money invested in VUZI on Dec 31st.
Paul probably had Intel's offer for a while and was just shoping for other options. He managed to keep all 31 employees - if it would be really bad he would probably let some of them go and kept the core team. A year ago they had 29 employees - no workforce reduction at all despite fast cash burn.
Maybe I should write mystery novels ?
Intel is not really against other directors and major shareholders , I think. They just want to protect their investment and put some "poison pill" in the contract.
And if they really want to take over Vuzix they can probably buy another 2M shares in the open market , which would cost them 10-12M or so and it would take about 2 weeks.
It looks like Intel just want to be "benevolent overlord' and let Paul do the work.
Nakked shorting is impossible for individual investors, as far as I know. Etrade would only let me short within limits of my margin and i already loaded my margin with other securities. And I actually tested possibility of shorting VUZI and I got the message "there is no available shares" . Looks like it is already heavily shorted by hedge funds. Try it yourself - open a 'Sell Short' order for some ridiculous price like 7 or 8 and see what your brokerage will tell you.
I think these numbers is the story of the past and as such don't mean too much.
The company is in transition.
+27% in revenue is not going to be repeated. They are moving into 3x bigger facility. They are not renewing their current lease. They are making new products - some should hit the market this summer, some will come later and they are phasing out old products. Their expenses will be different, their sales will be different too. Whatever they sell to Lenovo this year will not make to the books next year as Lenovo will be manufacturing it. There is a sentence in 10K about possible outsourcing of manufacturing of large orders. Maybe it will be +150% in revenue next year, maybe it will be -50% .
Here is what I picked up from the report :
They run out of money by Dec 31 - 85K in cash is less than 1 month of salary for 31 employees. Looks like they went with open hat and Intel dropped some pocket change. What Intel got for it : 6% payout per year ("dividend") , 2 directors and as long as they keep 25% of their Series A shares they control everything (dilution, buyout proposal etc.) . So the only buyout possible is by Intel and I doubt the price will be much higher because they control all major financial decisions.
Now I don't understand it fully but it looks like $5 conversion price is adjusted by dividend. Does it mean that next year the conversion price will be 4.70? Anyone with finance degree here ?
There is nothing about DHL in the report , only SAP is mentioned. Kopin is their main supplier of displays and Kopin didn't provide guidance for 2015 .
They had 565K of cash at the start of the quarter and only 85K at the end. So they burn 0.5M per quarter but it doesn't make almost 8M loss per year . That I don't get.
2M per year or 8M per year - Intel's money will last for next 3 years at least and I would think that transition period will be done in a year or so. After all, they don't manufacture hard stuff, they just have an assembly line.