Hi Kim,
And I thought FRIDAY's action was something!
I hope you succeded in swapping your MVISW for "the real stuff", but if not you suffered ONLY an 18% gain in one day, rather than 30%.
FYI Microvision has a WEB site, mvis.com , with an Investors FAQ that confirms MVISW exercise at $12, with more details.
This means people buying MVISW Friday were indeed paying $5 for the "privilege" of buying MVIS for $12, when they could have just bought MVIS for $10, and saved themselves $7 less a little bit of interest. Yesterday MVISW and MVIS prices rose to $6 and $13, respectively. (EVen the guys who bust kneecaps don't charge enough interest to account for this!) So maybe then these values aren't for calculated, long-term investments, but someone who wants to grab control of as many shares as possible RIGHT NOW (as wfrazee thinks: techstocks.com.
If so, they seem willing to spend at least [$6 + $12 =] $18 for MVIS.
Tomorrow is the 1 year anniversary of MVIS' IPO- does anything special happen then that might account for some of this interest all of a sudden?
Meanwhile, Richard Rutkowski is conspicuous by his silence....
Peace,
Droog
P.S. In case you're tempted to sell during this "spike", in order to buy back more cheaper when the price settles, remember Toby Cyr? He began this thread, and was initially counseling all to "Buy and Hold, Buy and Hold!". Then suddenly, surprisingly, he sold his MVIS when it hit $7, planning to buy it back when it returned to near $5. Since then, MVIS has not revisited $5, and Toby Cyr has not revisited this thread. (Toby, are you still out there?) |
