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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.929-2.2%Jan 9 9:30 AM EST

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To: kili who wrote (575)10/9/1997 9:31:00 PM
From: David Rodella   of 7721
 
Doom and gloom?
This little baby just ran from $5.5 to about $18.75 - over 13 points- and has only pulled back to $13.5 intra-day - just over 5 points.

A normal retracement would be 1/3 to as much as 2/3 of the preceding advance. So far, we have only retraced about 40% intra-day and most of the action has been comfortably above this level. I regard this as pretty strong action, indicative of a stock that is quite closely held.

Now, maybe some would be disappointed with this sort of performance but its certainly keeping a smile on my face!

David

P.S. Does anyone know how unusual it is for a tiny, insignificant, unknown, no-sales cpy that's just about old enough for kindergarten to be handed a contract from the US military as PRIME - not subcontracted through GMH, LK, HON or some such defense giant? Could this be a wake-up call to Eisenhower's "military-industrial" complex that there's a new kid in town, a few blocks over from that Redmond-nerd, that also has something remarkable to offer the world?
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