MoneyAccumulator.com

I recent moved into a long position on MVIS (Microvision), which is a company that designs and manufactures microscopic projectors called “Pico Projectors” below are the features of their iPhone size device.

Features:

* Always in focus: you never, ever have to adjust focus
* Sharp and clear images on any surface from 6 inches or less to 200 inches or more
* Rich and vivid laser colors amplify your photos, videos and presentations
* Wide projection angle delivers a big image (1:1 throw ratio)
* High resolution (WVGA 848×480) brings out every detail
* Widescreen (16:9) aspect ratio enables you to experience content
the way it was meant to be
* Sleek contours feel great in your hand; slim enough to put in your pocket
* Plug-n-play compatibility enables quick and easy operation with your device
* Movie-capable battery that lasts 90-120 minutes on a single charge

Eventually, these pico projectors will end up in cell phones, so there is a big potential here.
I have already bought and sold 300 shares of MVIS before made some money off it. If you look at the chart it recently took a dip below $3.00, and I scooped 1000 shares at $2.90, another 1000 shares at $2.56 and another 1000 shares at $2.13 for an average share price of $2.53. Currently, the shares are trading at $2.52.

I recently sold 1000 shares at $2.53 for a total proceed of $2530 and minus the 1000 shares at $2.13 ($2130) that is a net profit of $400 and then subtract the commission cost for real profit. This was over 10 business days, not bad. I will either be looking for opportunity to sell the rest of the shares I bought at higher prices in the future, or if MVIS stock price dips down to $2.10 - $2.25 range I might buy some more.

Remember to read my disclaimer. Do your own due deligence.

This entry was posted on Sunday, February 21st, 2010 at 3:11 pm and is filed under Stock Trading, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.