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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.890+7.2%Jan 2 9:30 AM EST

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To: Lola who wrote (2674)5/26/1999 12:22:00 AM
From: Obewon   of 7721
 
Have been racking my brain over that very question for the past week as MVIS has started to take off.

I decided that while the stock is probably ahead of itself on fundamentals, the long-term potential is such that it may not pull back. I remember saying that I would jump into Microsoft if it would ever drop to a "reasonable" level, but have missed out for 13 years.

I'm not saying that MVIS is directly comparable to Microsoft, but I can reasonable see millions of VRD based systems (cellphones, viewglasses) being sold within five to seven years to consumers and businesses. When I look at that future I have to ask myself does holding out for an additional dollar/share in profit really matter.

More importantly, even at this point in its development, people are starting to come up with dozens of applications that were unheard of just two years ago. Right now the market opportunity is expanding exponentially as each new application is being conceived.

As cash comes available, I will be buying at $29, $35, $21 or whatever price I must to continue accumulating shares.

Obewon
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