Monday, July 23, 2007
Position Update: MVIS
While your sitting in "Dr. Fly's" waiting room, here is a new research report on MVIS, via MDB.
In the report the price of $70 is that in MVIS's pocket or is it in addition to the cost of cell phone? I know it says mvis PicoP but just wanted to double check.
On a serious note, something smells like shit with this research. There are lots of obvious risks to this company, which the report cites. Yet this douchebag has a $6 price target on MVIS. So if everything goes right I got what 20% upside. And if not, we're back in the 1's. WTF? I'd think I want more than 20% for this kind of risk.
In order to give the appearance of responsible analysis, the price target must be low.
Once the ball is rolling, I'm sure you will see upward revisions.
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