upward trend still intactTrendline still intact 1.56 support holding ...Recently crossed 200 day MA ... looking to re-establish foothold in 1.70's and up this coming weekLongby edon4
Penny Stock Speculation I have been watching this stock for a while. With the recent failure from the highs I decided I would share. MicroVision is company I became interested in for a fundamental reasons. They are the creator of the "PicoP" projector, and they create laser based projection systems. They also hold a large portfolio of patents that I believe may have application in virtual and augmented reality. It came across my radar one day and peaked my attention. I am completely speculating with this company. It is a high risk gamble, as many of you know, stocks trading at these prices usually are. I would also like to share short interest data taken from the NASDAQ website. Settlement Date / Short Interest / Avg. Daily Volume / Days to cover 11/15/2016 / 4,821,343 / 340,927 / 14.141863 10/31/2016 / 5,007,580 / 157,469 / 31.800418 As you can see short interest fell during the time period 10/31 to 11/15 and days to cover went from 31.8 to 14.14. Are short sellers preparing to cover? Why are 4.8M shares short on a stock that was trading below $1? I don't have the answers to these questions. If you have any comments or critiques please share. Again, this trade is entirely based on speculation. Longby Kevin_LomaxUpdated 3