Monday, May 21, 2007

Microvision Inc (MVIS) Found Support, Ready to Rally?

Microvision Inc (MVIS) looks like it found support and could be ready to rally from here. I wonder how many of those 4.1 million shares sold short are in a winning position? HEHEHE!!! The stock looks ready for a push up towards 6.20.

Broker A at Fly On WallStreet has a large position in the stock and he has a lot of good information about the stock if you search his site.

Here is the description of the company from Google Finance:
Microvision, Inc. (Microvision) is a developer of miniature display and imaging engines based upon its integrated photonics module (IPM) architecture. The IPM utilizes the Company’s knowledge in two dimensional micro-electrical mechanical system (MEMS) light scanning technologies, lasers, optics and electronics to create a video or still image. The Company has entered into development agreements with commercial and United States government customers to develop prototype and demonstration units based on its light scanning technologies. Microvision was established to acquire, develop, manufacture and market light scanning technology, which projects images using a single beam of light. Microvision has one commercial product, Flic, a hand-held bar code scanner. In addition, Microvision has produced and delivered various demonstration units using Microvision's display technology. In January 2006, Microvision sold certain shares of its Lumera common stock.