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
- Traders Are Throwing Up All Over This Market: "It Feels Like The Algos Are Hooked Up To Tinder" | ZeroHedge
- "Buy High, Sell Low" - The Psychology Of Loss | ZeroHedge
- Gold to Beat Stocks? | Financial Sense
- Market Angry About Yellen's "Is NIRP Legal" Confusion | ZeroHedge
- Is The American Dream Dead? | ZeroHedge
- "Fasten Your Seatbelts": Kyle Bass Previews The Collapse Of China's $34 Trillion Banking Sector | ZeroHedge
- Market Recap Feb 10, 2016 | FundMyMutualFund
The most relevant financial news and articles from the Internets
- This company has a solution to drug price gouging —... | Business Insider
- Here's why the next Greek crisis will be much harder to resolve (GREK... | Business Insider
- Here's how much Valentine's Day will cost you this year | Business Insider
- Daily News unloads on Donald Trump's 'zombie... | Business Insider
- The largest public pension fund just made a huge real... | Business Insider
- Ocean City, Md.: America's Most Affordable Fun City | BusinessWeek
- There is now a 600-horsepower BMW luxury limo | Business Insider