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
- The Real 'Reset' Button | ZeroHedge
- When You're Not Around: Setting Your Family Up for Success | Financial Sense
- What Collateral Shortage? Collectible Cars Used As "Hard Assets" | ZeroHedge
- Don’t Bet on Treasury Rally to Continue | Financial Sense
- How Do You Justify Consuming ExxonMobil’s Oil? | Financial Sense
- POLL: Are You Bullish or Bearish on the Markets? | iBankCoin.com
- A Transaction Fee Might Save Capital Markets... & Protect Us From Skynet! | Financial Sense
The most relevant financial news and articles from the Internets
- Tsunami Warning Issued After 7.5-... | Business Insider
- Even the Analysts Are 'Confused' by IBM | TheStreet.com
- This Futuristic Looking 3D-Printed Cast Could Finally Make Having A Broken Arm... | Business Insider
- New Militant Group Claims Responsibility For... | Business Insider
- Italy Is Selling Off This Very Creepy 'Haunted' Island In Venice | Business Insider
- Google Is Planning A $100 Smartphone [Report] (GOOG) | Business Insider
- Here Are The Weirdest Things You Can Buy On Alibaba... | Business Insider