Dongsoo, I think the potential is far enough in the future to allow for such a breach of the $16 area, and if market conditions deteriorate, the whole market's valuation metrics might be notched down and then I think such breach could occur. The low probability is for two reasons, first, I doubt the market's correction will go much beyond about 10,000 on the DOW (at least short term). Second, MVIS had very strong support in the $16 area, and signs of this support might materialize before it gets that low. Mind you, MVIS had a bullish press release today, but the stock is barely reacting, in the past, it could have gone $2 up on such news, today not even $1, thus, once the release's effect dissipates, the downtrend will continue, IMHO.
Zeev |
