A Stock Under $5 that Could Breakout
That brings us to Microvision (MVIS), it made the cut this weekend at theStreet.com as a potential cheap stock that could bounce.
Whenever you talk up a stock in the $2 range you get traders attention. The only play here could be based on technical signals, thus its not a guarantee return on investment. Currently 14% of the short on Microvsion is short thus buyer beware.
TheStreet.com points out the stock could bounce based on its recent performance. Last time Mastery checked in on Microvision was Dec 2011, the stock is up more than 60%. Even at $2 and change its hard to get excited about a company that has been bleeding money for years. Sure their PicoP technology is amazing and promising but its never caught on with the best mobile phone makers.
MASTERY Bottom line:
Have fun with this stock and play the technical bounce, just don't bet the farm.
This stock can move 20% on the wrong headline. Trade with caution.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Stockman Warns Trump "Flynn's Gone But They're Still Gunning For You, Donald" | ZeroHedge
- The Great White Hurricane | Financial Sense
- Eurozone Equities: Political Risks versus Strong Macro Crosscurrents | Financial Sense
- The 10 Biggest Leaks Of The Trump Presidency | ZeroHedge
- Red Hysteria Engulfs Washington | ZeroHedge
- UK Police Chief: Former British PM Was HUGE Pedo, Establishment Covered Up | ZeroHedge
- Meanwhile, Rioting Breaks Out In Sweden | ZeroHedge
The most relevant financial news and articles from the Internets
- A little-known startup that has quietly amassed... | Business Insider
- How a movie about black NASA heroes became the crowd-pleasing Oscar contender of the year | Business Insider
- U.S. Kids Using Media Almost 8 Hours a Day - BusinessWeek | BusinessWeek
- Mike Pence says he was 'disappointed' that Michael... | Business Insider
- A key ad executive has left Snapchat weeks before its IPO | Business Insider
- A car bomb in Mogadishu has killed at least 14 people | Business Insider
- Why the Nazis studied American race laws for inspiration | Business Insider