Microvision (MVIS) Message Board

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Microcap & Penny Stocks : Microvision (MVIS)

MVIS 0.911

+6.7%

3:59 PM EST

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To: toby cyr who wrote (420)	8/27/1997 12:49:00 AM
From: Roderick Ciferri	of 7721

Perhaps this thread should change its name to: Microvision (MVIS) a great chance to sell at the high <g> When I saw MVIS blast off the past two days I thought "what a great short" I thought maybe I could get a 1/4-1/2 point at the open...I shorted at 13 1/2 but after seeing it blast through 14 and bounce around there for an hour I decided I'd better get out when it got back down 13 9/16...it showed ferocious volume on the way up... ...then to my chagrin it broke 13 even harder on the way down.. The action of the last two trading days was dominated by momentum traders, not value investors...I like to follow in the wake of momentum on the way up and short when buying volume goes down...too bad I guessed wrong on this one especially since it looked like the momentum traders dog-piled on this one on the way down as well.. I think MVIS may calm down tomorrow then consolidate in the 10-12 range on normal volume and the momentum will move to some other stock...might go long at the open for a quick trade. Good luck to all, Rod

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