Vuzix Corporation (VUZI)

[growacet]

Its a lot of things....

My overall view of the market is that its manipulated....manipulated to get the sheep to buy high what the smart money is dumping, and to sell low when the industry types are buying. Obviously a company without profits needs a good story, something to get the great unwashed all excited....and then the real players can work the PPS higher and higher and then start dumping.

When I see a $5.75 secondary....kewl beans, that to me explains the move up. The underwriter is going to need a climbing share price and a good story to get buyers excited.

But from a strictly fundamental perspective I don't like Vuzix chances and I'll tell you why.

I used to work for a CLEC....a competitive local exchange carrier, this was back in the late 90s early 2000s...the parent company raised close to 3 billion via a share and bond offering.

Ultimately the biz failed though...and one of the big reasons was because people don't get fired for picking an industry leader. We were selling telephony solutions and data connections...competing with Bell Canada. Back then the internet would go down from time to time...bottlenecks and such, it happened. But if the CEO can't send or check his email and starts screaming....if its Bell Canada, oh well...stuff happens. But if the net goes down and the company is Acme Tech Solutions, then the CTO who signed with them gets fired.

We had customers who would use us for a few phone lines, and maybe some redundancy...but the bulk of their biz went to Ma Bell.

Do you see where I'm going with this?