These stocks are so used and abused by traders. $MVIS is good example. They select the pump for whatever reason? News? Rumor? Buy in cheap. Build it up. Price finally crescendos after last sucker jumps in long. They dump! They Short. When all the losers are out May pump again?
Conversation
their tech is solid regardless if you wanted to long term play it
1
1
Replying to
Ok so even if you are not trading it short term. Still better to make the right trade and buy and hold @ .50 then at $1.50 even if you really like the stock long term.
Yea long term like 1-2 years I think the tech from them will be big honestly. Rumor has Apple using their Lidar sensor for something with 3d. I can see lots of applications for their tech in various industries. But, technically trading it, I would wait to see how it reacts off
1
the MA(200) around $1.26. Would be cool do swing a $.50( my entry) for $1.50 with a decent sized position. Prepared to take profit at 1.26 if it can’t push through