Microvision Inc (MVIS)

[gnillish_00]

And here we see a drawback of fund buying after Russell 2000 inclusion: almost 18million shares were purchased by funds/institutions at close on the 25th and once everything settled on the 29th became available for borrowing by the shorts.

Institutional buying picked up as we approached $15 last few times we tested the support floor, and became particularly strong as we tested the $14.50 range giving us what appeared to be a hard floor.

My expectation is we will see continued downward pressure toward this hard support level while large short positions are quietly closed and converted to long positions. Another push to drive us through that floor of support is probable, but will most likely fail as institutional buying kicks in and will end up trapping shorts that don't learn from history and set us up for a nice run up as PR hits for the different catalysts coming up this summer.