Second Sight Medical Products Inc (EYES)

[zitry]

Of course there will be selling for tax reasons and now there will be profit taking. However, up sharply on over 1.8 million shares! Up over 10% on 5 times average volume. This demonstrates strong conviction of buyers. If Up 10% on 250K shares it would portray a dead cat bounce. The market is in a sell off and unfortunately I liquidated all but EYES a little early, but better early than late. EYES is a great place to invest now, in my case with discretionary profits. It appears others investors are doing the same. EYES is relatively immune to macroeconomics. With the current climate of worldwide market uncertainty,companies like EYES with a clearly established multi-billion dollar market and the unquestioned world leader are a great bet. All this talk of demise is absurd. EYES will need much more cash- no question and dilution will occur. Dilution is not a real issue. EYES has controlled this exceptionally well. There are only 34 MM shares in the float and 72 million shares outstanding. EYES with the exception of one circumstances will have no problem whatsoever in raising the cash they need. The exception is clinical trial failures(highly doubtful). I am expecting a strong bull run even with profit taking and year end selling for tax loss. Buyers came out in force. Certainly not a trend yet; 50 day MA hasn't crossed over 200 day MA and resistance at $1.10 needs to be established as support. Friday put the odds in favor of a powerful rally but this is not yet supported by technical analysis.