Tuesday, September 25, 2007
Position Update: MVIS
Anyway, like I said before, fuck around and lose your house, trying to short my stocks.
Now for MVIS:
I'm up over 150%, over the last year, buying MVIS (click here for proof). While it's true, bitching about MVIS @ $4.70 is almost comical, considering where it was-- one year ago.
Look, I own a truckload of MVIS. Normally, I would never buy so much of a speculative stock; but I'm comfortable with it.
My confidence in the stock is supported by its strong management team, coupled with its superior technology.
In my opinion, MVIS will be inking many agreements, with both handset makers and tier one automotive OEM's, within the foreseeable future. Eventually, there will be large institutional interest in the stock, which will send it on its way to double digits.
Also, I believe, during the upcoming CES conference, MVIS will unveil a next generation Picop that will excite people. I feel it makes sense for MOT to jointly present with MVIS at CES. Hopefully, they will not let their lawyers get in the way of good business sense.
Finally, I believe MVIS's technology will be in handsets by 2009. Considering the market potential, I feel the stock will be multiples higher than where it trades now.
What can go wrong?
Supply chain constraints.
However, should the company have an issue with its supply chain, it will likely be temporary-- no more than a few months.
In short, I view MVIS as a breakout stock in a period of dormancy, waiting for a reason to bust loose. In my opinion, by January of 2008, MVIS shareholders will get their reason.
Asian business is improving and company has issued upward guidance for Q3.
Obviously good for MVIS.
And if you havent figured it out yet. FORGET MVIS. Take it off your portfolio screen. It is not a stock that will slowly climb with earnings and little PRs and a multitude of analyst upgrades and general market moves, etc.
It will SKYROCKET when they have product. Theyll sell it as fast as they make it. if they dont have contracts in hand by then, theyll sign a dozen in 2 months. Who cares.
Buy it. forget it. Pray they can manufacture it. get rich.
simple as that.
Even the ones you're conceding as misses (DIVX, etc) may be more a matter of timing. If someone bought DIVX or MCHX now they will likely get a decent return from this level. Problem is people are expecting immediate returns and the market doesn't head in the right direction right away. Sometimes a company may have a good business model but the predictions of profits are a quarter or two too early.
Naturally, you're correct. However, most people who come here are not rational and have the IQ's of field mice.
If MVIS gets to the point that they can't make product fast enough, the stock will have soared long before.
The only shortage at MVIS right now is contracts.
They need laser suppliers and asic chip suppliers.
They don't need contracts.
Just because they haven't announced any, besides MOT, doesn't mean there aren't any more.
Wow. That's pretty good fly. It's almost 4 to 1!
More to the point, should my wallet be concerned?
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