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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Carl R. who wrote (3993)1/7/2000 2:12:00 AM
From: Steve  Read Replies (1) | Respond to of 7721
 
technical opinions fwiw

A day-trader friend of mine who manages some cash for me thinks it acts very well right now. My new broker at Paine Webber bought into the stock after I sent him my "potted summary", he also said he liked the current action for a small-cap. Similar sentiments from another follower (I know him from the Gilder Tech Report forum).

For myself, I am no TA expert but I like the way it repeatedly tested but did not break 26 despite huge volume spikes at that price on both Monday and Tuesday. I'd say the shorts did their best to break it after the blowoff to 34, and failed (for now anyway).

Does this all mean anything ? Search me. In the long run anyone who owns and keeps 1000+ shares is a millionaire anyhow (tongue only slightly in cheek).