Thursday, June 21, 2007

 

Position Update: MVIS: Warrants Called

Don't get convoluted. This is good news. The bears thought this day would never come.
REDMOND, Wash.--(BUSINESS WIRE)--Microvision, Inc., a global leader in innovative ultra-miniature projection display and image capture products for mobility applications, announced today it has exercised its right to call its publicly traded warrants. The public warrants were issued in connection with the company's June 2006 financing transaction and allow the company to redeem the warrants if the Nasdaq closing bid prices of the company's common stock averages at least $5.304 over any 20 consecutive trading days ending after June 4, 2007. The company will receive $34.2 million in proceeds if all 12.9 million public warrants are exercised.

Comments:
so what are you going to do with your warrants fly?
 
convert
 
convert and hold? nice job man.
 
stock is taking a beating
 
Sorry Fly, I sold. If there is one thing I hate it is dillution in a stock I am holding. Will buy back cheaper.
 
You knew the warrants would be called, so why didn't you sell at $5.90 if you were woried about dilution. What a loser!
 
How much lower do you think this will go? Just want to know so that I can try to buy more it at the "bottom". thanks
 
C'mon Nancy boys, grow a pair. You guys are letting a dime hold up making a dollar.

Side note: LNN has short sellers balls in a vice grip.
 
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Like it is so easy to pick a top. The one advantage small investors have is that is we can buy and sell easily. Why not take advantage of that?

I like trading with the trend. You have the right to criticize if you did over 88% last year.
 
nncoco. What, now are you proposing we measure our members? Give me a break. You sound like 5 year old.

Furthermore, what is a trend?

Then you say, "The one advantage small investors have is that is we can buy and sell easily. Why not take advantage of that?"

My bet is that most of the time you are wrong. I remember few months back when you got stopped out of MVIS repeatedly.

Finally, if you sold at the open, and got a good fill, you may have gained a dime. That dime could be erased in a few seconds when buy orders come in.

I'm not saying I don't trade in and out of stocks. I do. I did today. But I would not trade out of MVIS to make 20 cents and then miss the BANG when the contract is announced.

You are assuming that they wouldn't release the contract news in the middle of the day?
 
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I hear you and I am learning every day. I think it was you Woodshedder who told me that "stops are for pussies." I took that advice and have profited from it.
 
nncoco- If I said that, then I must have been out of my mind that day. I use stops, often. There are some stocks though that are not worth it. For example, I should have never used stops on HANS. I was stopped out like 4 times, and then missed the big move. Also, effective stop placement/strategy is very complicated, and probably needs a textbook of its own in a trader's library.

Also, I am often wrong when I trade in and out- see BKI today. I'm not trying to sound like I'm great at it.
 
Someone else must have said that, but I think it was you who explained why a stop in MVIS was a bad idea because the day to day gyrations were not importrant. Any bad news would drop it through a stop anyway.

Guess I get to be the goat today.
 
Nothing wrong with re-entering close to your exit, as long as the stock still would meet your normal entry criteria.
 
broker a said "stops are for pussies," and he's right. You guys should know that by now.

Did you guys go to ducati's school of patent valuation or what?

Trading MVIS, I personally believe, is dumber than drinking lighterfluid. Buy it and hold, or sell it, but, I hope the STgain destroyed by tax is satisfying for you guys. I just can't justify putting a sizable amount in a stock with ZERO fundamentals, only to sell a dollar later. OBVIOUSLY (as you guys well know) something else is going on here. Use your heads, the price is going higher.

CMON BRAHs!! Its MVIS were talking bout. Sell a LNN, sell a buffalo, but a MVIS without even waiting for a contract!?! What are you guys gonna do, sell the day they sign and it pops? We don't even know what they're made of I guess.

Me and my balls of big steel will see you in three years with my satchel of cash.
 
this is a no fundies -------> big fundies story, practically the best chronological place in a company's life to invest
 
FWIW, I use an IRA for my most speculative trades to cut down on paperwork and taxes.
 
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