The shorts tried to push this one lower today but buyers came and provided support above the 200 day moving average. If the stock can trade back above 4.75 those shorts may scramble to cover as they realize their opportunity was missed and that could push the stock back up towards 5.50-6.00. For more information about this company, check the Fly blog in the links on the right.
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