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
- Will Real Estate Tank in 2017? | Financial Sense
- Goldman Sachs US Equity Strategy: "Hope" | ZeroHedge
- Germany Outraged After Afghan Refugee Arrested In Rape, Murder Of 19 Year Old Female Student | ZeroHedge
- Factory Orders Surged Most In 16 Months (Before The Election) | ZeroHedge
- The Equation That Explains It All | ZeroHedge
- Renzi Delays Resignation Until Senate Passes Budget Law | ZeroHedge
- Can Italy Be Saved? | Financial Sense
The most relevant financial news and articles from the Internets
- U.S. Kids Using Media Almost 8 Hours a Day - BusinessWeek | BusinessWeek
- Mobile ad costs are climbing | Business Insider
- Why you should never wear leather-soled dress shoes in the snow or rain | Business Insider
- SCHWARZMAN: Donald Trump is going to change the 'architecture of the... | Business Insider
- Italy Prime Minister Matteo Renzi will step down on... | Business Insider
- This online company makes it easy to turn the pictures on your... | Business Insider
- Megyn Kelly doesn't like 'public shaming' in TV... | Business Insider