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I haven't enjoyed the Yahoo boards since they changed their format a few years ago. Why don't you either repost useful info here or summarize in somewhat less cryptic terms wtf you're talkin' about.
If you ignore the eod action from Friday, and consider that the real close was around $3.15, then the price is up today. (LOL!)
The chart doesn't quite tell the tale. I posted the block trades greater than 10k shares in #683. There were 11 such trades after the bell: 9 trades @ 3.60 and two @ 3.56. These trades totalled 900k shares at a price of over $3.25 million.
I hope whoever bought those shares makes a lot of money. LOL!
Most of that is old news, Bert. Anyway, the 'spike' occurred in less than ten minutes at the end of the day and after hours. It's mysterious indeed (unless you have access to the transaction type codes on the big trades that drove the price vertical); but I doubt the trades were based on stories about the Nikon non-laser camera-projector.
Paper gold is worthless if the shtf. Would you have paper bullets for your guns? LOL!
I'm not the only one who thinks that MVIS has explosive potential. Check out these earlier posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47501472
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48622141
In general, I don't like to predict price and especially in the uncertainties of the broader economic environment. At some point, the dollar is gonna crash. See this lengthy discussion by Jim Willie:
http://www.gold-speculator.com/jim-willie-cb/32174-sdr-strawman-gold-backed-euro.html
Ron Paul on the 'Failure of the Keynsian State':
Worried? No need. Microvision will eventually trade with three digits before the decimal.
I missed all the fun today. MVIS was still down about a dime when I left earlier for an appointment. Just got back and saw the late afternoon rally. There were some mighty big trades in the last 10 minutes and after the bell.
06/25/10 15:50:02 3.20 3.19 3.20 13400
06/25/10 15:50:32 3.39 3.34 3.41 10700
06/25/10 15:51:02 3.44 3.35 3.40 13500
06/25/10 15:51:33 3.50 3.41 3.51 13200
06/25/10 16:00:08 3.60 3.36 3.56 415100
06/25/10 16:01:06 3.56 3.26 3.56 135000
06/25/10 16:05:40 3.26 3.35 3.56 15400
06/25/10 16:32:06 3.60 3.40 3.50 44200
06/25/10 16:32:11 3.60 3.40 3.50 44200
06/25/10 16:48:28 3.60 3.40 3.50 35700
06/25/10 16:49:19 3.60 3.40 3.50 165400
06/25/10 16:56:16 3.60 3.40 3.50 12200
06/25/10 17:01:01 3.60 3.40 3.50 14100
06/25/10 17:22:13 3.60 3.40 3.50 12200
06/25/10 17:22:37 3.60 3.40 3.50 12200
Hindsight is always so very clear. MVIS will have its day. Today, I'm ringin' the cash register with gold, silver and oil.
Fave oil play is PVX (PVE.UN). Check out the yield from their MONTHLY cash distributions. Silver Wheaton (SLW) is my fave silver proxy. Of course, ya gotta have a boatload of GDXJ and ZJG as the gold juniors will outperform the metal bigtime
So waddyathink? Shorts covering late yesterday and this morning?
LOL! Stock charting as Rorschach test?
When I get to the bottom I go back to the top of the slide
Where I stop and I turn and then I go for a ride
'Til I get to the bottom and I see you again, yeh, yeh yeh
Do you, don't you want me to love you
I'm coming down fast, but I'm miles above you
Tell me, tell me tell me, c'mon tell me the answer
Well you may be a lover but you ain't no dancer.
Hey, 'twas just a suggestion--sharing something I've found useful and productive. Stewart is a very wealthy former Merrill-Lynch broker and I've changed the way that I trade based upon his insight. I trade full-time and use Interactive Brokers for their incredible platform and low commissions. You can't trade with Stewart's PGEN using etrade or other online brokers because the commissions will eat you up. Check it out...or don't; but please don't bore us by playing the follow-me-I'm-a-wiz game here.
I've made a lot of money with MVIS over the years. The technology that they're marketing today is but the tip of a huge iceberg of patents. The projector tech is exciting, but the direct retinal display eyewear tech is going to be the real paradigm shifter.
All in due time.
LOL! I don't trade like that anymore, especially in the current market environment. Picking bottoms and tops is too much like work.
I simply buy weakness and sell strength. Price goes down, I buy; up I sell. Responding to price is much more reliable than trying to prognosticate.
Google/Bing Stewart Thomson and check out his 'Pyramid Generator'. He's more than a bit of a 'gold-bug' lately, but he does have a number of very wealthy (billionaire, he sez) subscribers. From today's newsletter:
Follow your moves? ROTFL!!
You're more than a little bit late to this party, but you're welcome nonetheless.
I do agree that the charts looks good, especially the weekly. The daily is starting to look a bit overbought, but that's ok. I'm enjoying the steady uptrend in the face of the general market's volatility.
Let's hope it's a sustainable move this time.
I reloaded trading shares as the price declined from early April to late May and started nibbling at profits as the price has risen. Rang the cash register during today's little spike. LOL! Bought some UNG calls with the proceeds.
Whee!!!!!
I hope you're right, but...
MVIS does indeed follow the fortunes of the larger market, and the outlook there isn't exactly rosy. What incredibly bad timing for Microvision--selling gear in a tightening market for discretionary purchases. The only kind of news that will move the price significantly is an agreement with a major player.
The banksters hit silver hard last week, creating a nice buying opportunity, and gold demonstrated its role as shelter from the storm. I'm buying precious metals, corn, wheat and sugar (so low it's screaming for a buy). I'm using ETFS CORN, ETFS WEAT and ETFS SUGA (all of which trade in USD on the London Exchange) as proxies for the food commodities.
What a morning! The ANALysts predicted a .16 earnings number so despite the tripling of profitabiliy, so the knee-jerks (of little faith) brought the stock price down this morning. I love it when that happens, 'cuz I took the opportunity to load the truck with MAY21 flippers in the low .40s, JUN21's at a buck and added to my SEP20's and SEP21's at similar bargain prices.
Wheeeeeeeeee!!!!!!!!!!!
Most SLW calls were lookin' good today. LOL! My fingers were sore from taking profits. I generally buy more than I want to hold and sell some into strength. Got bored and bought some May 21s midday around .48 and sold as they hit the mid 60's. Held some for tomorrow, but they took a hit (along with the underlying) in the last few minutes of the day. I suppose that was EOD profit-taking rather than fear of a bad report tomorrow.
Silver was crazy today. Are the GATA revelations about JP Morgan manipulation having the desired effect at long last?
Reloaded bigtime on the all-too-predictable dippity for Due this morning. LOL!
Buy on weakness; sell into strength. Speaking of strength, I'm ringin' the cash register on silver and gold today. Got any?
Gabe's incorrigible! LOL! He offered to buy Volvo from Ford last year.
You can find much more of his (ahem) work here:
http://www.associatedcontent.com/user/29691/alex_s_gabor.html
...or here:
http://www.myspace.com/alexsgabor
"The Institute of Electrical and Electronics Engineers (IEEE) ranked Microvision's IP as 13th among global companies for patent pipeline power and 1st among U.S. based companies in the sector of electronics. Microvision has been recognized by IEEE as a top 20 electronics company for its patent portfolio strength over the past three years, each year showing an improved rating."
In the long run, this is what will give great value to MVIS...provided of course that our economy isn't completely devastated by the coming currency storm.
MSFT used the PicoP Eval Kit in their Skinput prototype. See this post from April 11...
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_M/threadview?m=tm&bn=27329&tid=306082&mid=306082&tof=7&frt=2
Actually, you always know eventually, but by then it's too late. LOL! Like I wrote earlier...every trade has a counterparty.
When you sell, someone's buyin' and vice versa. In time, you find out who is the greater fool.
Market didn't like something here. MVIS filed an amended 10K with changes covering executive compensation, etc. I don't see anything sinister, but I do enjoy a good opportunity to buy more shares.
http://www.sec.gov/Archives/edgar/data/65770/000006577010000007/body10ka.htm
I don't bother with either, Norm.
I posted that because I thought it was an interesting perspective, and quite frankly was surprised to see such a large short position. That said, based on the selling today, it would seem that a lackluster report is expected next week. Then again, every trade has its counterparty.
I buy on weakness and sell into strength, so today's a buying day for me. If the price declines on Monday, I'll buy more. If it goes up, I'll sell a bit. My core shares remain inviolate--untouchable at least until MVIS sees double digits.
Meanwhile, I'm enjoying the nice little runup in the precious metals this week. Ka-ching!
March 31 was almost a month ago, dude. Old snapshots are even less useful and potentially more misleading than rough approximations.
According to Yahoo, the short interest ratio (number of days to cover) was 15.8 and as you point out, there were 11.3MM shares reported short. This assumes an average daily volume of 715k.
Average is...well...it depends on whatchumean. Again from Yahoo, the 3mo average daily volume is 871,494 but the 10 day average is only 457,657.
I don't know where the guy who wrote the article that I quoted got his data--a short interest ratio of 21.8 and average daily volume of 932,000 shares.
The point in any case is that there is some possibility that a significant short position (Yahoo's figures show just under 15% of float short) can run the price up on good news as they scramble for cover.
I don't know where shortsqueeze.com gets their data...
Short squeeze potential?
Just saw this...
Top 5 Companies in the Electrical Components & Equipment Industry With the Highest Short Interest (VLNC, CHP, MVIS, HEV, BEZ)
Written on Tue, 04/20/2010 - 20:44
By Chip Brian
Below are the top five companies in the Electrical Components & Equipment industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
...
Microvision (NASDAQ:MVIS) has a short interest ratio of 21.8 and average daily volume of 932,000 shares, which implies that approximately 20.3 million shares are short. That equates to 22.9% of the 88.7 million shares outstanding.
http://www.mysmartrend.com/news-briefs/news-watch/top-5-companies-electrical-components-equipment-industry-highest-short-intere
I stripped out the details about the other 4 stox in this report. The reasons for the rather massive short position notwithstanding, I find the premise that such a scenario presents the opportunity for a short squeeze interesting. All that's necessary is a nice solid announcement about revenues or a major industry affiliation and the short squeeze possibility becomes rocket fuel.
Can't make enough on a couple of cents intraday on this stock to play like that; and the options are not really liquid enough here most of the time. To make even $100 on a two cent swing of a $3.50 stock you have to risk much more than the trade is worth.
I had fun today riding UNG 7 May calls from .49 to .66. WHEEEEEEE!
Not sure what you mean by 'would make no sense', Gastro. There's a broad spectrum of investing styles and strategies; you pick what makes sense for yourself.
I have a core of 'investment' shares that I hold for the 'big bux' as the company fulfills its potential, but this stock has wide swings in price that I trade to advantage--sometimes adding shares to the core holdings from profits.
At long last, this story is finally beginning to hit the mainstream press. Been following it for a while now, and it's genuinely explosive!
Metal$ are in the pits
Trader blows whistle on gold & silver price manipulation
By MICHAEL GRAY April 11, 2010
There is no silver lining to the activities of JPMorgan Chase and HSBC in the precious-metals market here and in London, says a 40-year veteran of the metal pits.
The banks, which do the Federal Reserve's bidding in the metals markets, have long been the government's lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association.
Maguire was scheduled to testify last week before the Commodities Futures Trade Commission, which is looking into the activities of large banks in the metals market, but was knocked off the list at the last moment. So, he went public.
Maguire -- in an exclusive interview with The Post -- explained JPMorgan's role in the metals pits in both London and here, and how they can generate a profit either way the market moves.
"JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the US dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the US taxpayer," Maguire said.
In the gold pits, Maguire sees HSBC betting against the precious metal's price without having any skin in the game in the form of a naked short.
"HSBC conducts an ongoing manipulative concentrated naked short position in gold. Silver is much easier to manipulate due to its much smaller [market] size," Maguire added.
"No one at JPMorgan is familiar with Andrew Maguire," said Brian Marchiony, a company spokesman. HSBC declined to comment.
Also during the CFTC hearing, Jeff Christian, founder of the commodities firm CPM Group, said that the LBMA, the physical delivery market for gold and silver in the UK, has been using leverage, which is another way to depress the price of gold and silver.
Christian said that the LBMA -- the same market Maguire trades in -- has leverage of about 100-1 on the gold bars settled on the exchange. In layman's terms, that means if 100 clients requested their bullion bars be delivered, the exchange could only give one client the precious metal.
The remaining requests would have to be settled for cash equivalent. "That is tantamount to a default on the trade," says Bill Murphy, chairman of the Gold Antitrust Action committee.
Maguire goes further and calls it a fraud: "If you sell something you do not own, then that is fraud."
Back in 2007, Morgan Stanley agreed to settle a $4.4-million lawsuit brought by precious-metal clients, who alleged that Morgan offered to buy gold and silver and store it for the investors, but never purchased any metal and still charged them storage fees.
Morgan Stanley denied the charges at the time, but "settled the case to avoid the cost and distractions of continued litigation," the firm said.
Despite gold's rise each of the last 10 years, Murphy believes the price of gold today would be closer to $2,300 an ounce if the price just moved with inflation.
Maguire believes the price should be even higher given the fear trade that would have sent prices spiking during the financial crisis in 2008-09.
Both precious metals have seen a recent spike since Maguire's e-mails became public. Gold has gained 6.5 percent to close at $1,161.55, while silver has spiked 10 percent to $18.38.
According to the e-mails Maguire sent to CFTC regulators, he was spot-on in his expectations of how the precious metals would trade on release of the January jobs report.
This message is to "confirm that the silver manipulation was a great success and played out exactly to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview," Maguire wrote to a staff investigator after the trading day.
CFTC commissioner Bart Chilton said, "I'm appreciative of the information Mr. Maguire provided and I'm glad it was introduced into the investigation."
High, low silver
The prices of gold and silver have been allegedly suppressed by JPMorgan Chase and HSBC, according to a London whistleblower, Andrew Maguire, who laid out the banks’ plan in e-mails to the CFTC prior to trading on the Comex on Feb. 5.
http://www.nypost.com/p/news/business/metal_are_in_the_pits_2arTlGNbMK7mb1uJeVHb0O
BWAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!
2 BILLION shares!!!!!
I remember when shareholders actually voted to increase to 150K and it just barely passed. Those were the daze!
IMO there will NEVER be a commercial installation of a TIREX system. Buy one of the junior gold ETFs (PM if you want to know which) and make some money instead of whining here about Threshie's folly.
Options are great--better exercise for your heart than aerobics. LOL!
Yeh, the crazy world of Arthur Brown, eh? I passed on Silvermex for some reason that now eludes me (maybe the financing), but I'll take another look. Thanks.
I have an account at IB, so I trade directly on the Venture--no need to mess with the Pinks. Interactive Brokers is the best online broker I've ever used. Commissions are as low as a buck/trade so you can trade small numbers of shares easily. I use this to 'shave' off profits or make small adds to positions.
LOL! Most ask me if it's some kind of antenna.
It's a 'sketch' for a tensegrity sculpture inspired by Ken Snelson's work. I have a few of 'em around as I experiment with different materials and configurations. The one in the picture is a tensegrity icosahedron made of 10' top rails for chain link fence and six-strand galvanized wire-rope. It's suspended from a big maple tree and seems to float in mid-air.
Here's Snelson's website: http://www.kennethsnelson.net/
You may be familiar with his 'Needle Tower' that's installed at the Hirshhorn in DC. Bucky Fuller stole the notion of 'tensegrity' from Snelson (Fuller's word--Snelson's idea) and took the credit for it for many years. Here's the story: http://www.grunch.net/snelson/rmoto.html
Not so quickly as trees like the Paulownia trees that I made the mistake of planting about the same time. The damned thing sprouts from any root left in the ground and grows up to 15' in a year.That said, I love the huge leaves so I cut them to the ground every year now and the huge leaves make a tropical-looking background.
I'm not sure of the exact variety of the cherry. Some can reach height of 30'; others up to 40'.
double win for the socialists on the other side of the pond
Not to mention some alert PATRIOTS right here.
Anyway, can you really call the banksters 'socialists'? It ain't the governments who are controlling the money, ya know.
Here are some words from my fave investment 'guru', Stewart Thomson, from his morning missive today:
The “volatility engines” are being fired up by the banksters. Are You Prepared? The Euro to Zero trade appears to be potentially over. Angela “Blowhorn” Merkel has gone totally silent, and head Euro Central bankster Claude Trichet has the bullhorn again, and his words are: No Greek Default! Against the background of a massive fund short position in the Euro, and the equally enormous long position held by the banksters, the Euro is positioned for, at minimum, a massive short covering upside price blast. The fundsters are inside the oven. The door is locked. The only question is: Will the banksters turn it on? My vote is: Do it! The funds are in hope mode now, hoping Merkel starts running her mouth again. The twist could be: She might, but her words could be Euro bullish this time! Remember, this is a woman who handed the banksters $500 billion in taxpayer money as a BLANK CHECK. Watch people’s actions. In the end, Merkel serves the banksters in action, and the taxpayers in words. A Euro rally could add fuel to the gold price upblast, to the point that gold blows thru 1225 like a knife thru butter.
I'm long FXE calls.
Meanwhile, MVIS is up a bit on low volume...better'n a poke in the eye with a sharp stick.
It's cherry blossom time...
My wife gave me this weeping cherry for my 50th birthday 11 years ago next month. It was about 5' tall then. Puts on a spectacular show for a few daze every spring.
The tree behind it is a blue spruce that lost its top in a hurricane a few years ago. I look at it now as a huge bonsai.
Patience, Gastro. MVIS still can't get the damned green lasers in massive quantities. Building demand that can't be met would be a mistake, IMO.
VPOD? Too (ahem) fruity. Gotta be unique--something new for the vernacular. Has to have a good beat and be easy to dance to. LOL!