Flickerful,
Eight dollars is a pretty tough wall to break for several reasons.
One, average level of the stock. Two, Warrants can be called by MVSI if stock holds 8 for at least 1 month. Today's news is good, but IMHO
not strong enough to break 8. It would take a more serious news with
solid revenue behind it to set the stock toward the double digits.
For example, If Ford deal came out, when the institutions jumped on board big time, and when MMM gave the stock a strong buy rating. This stock will fly big time.
Which will probably happen, by the end of quarter. Just wanted to take a more realistic view at this stock. Believe me, when this stock
takes off, it will go without any dips. I am long on it, and looking
to load up some more on the next dip.
Best of Luck to All,
Ben |
