Short MVIS

ScroogeMcDuck

ScroogeMcDuck

https://twitter.com/x/status/1341403669162565638

Up 50x on a series of bogus buyout rumors and LIDAR hype. Nearly bankrupt, must dilute to survive. Finding a buyout is impossible when retails are pumping the stock this much. Hindenburg made a good twitter thread about it today.

They took the same old laser scanning tech they've been failing to commercialize for almost 25 years and turned it into a LIDAR (allegedly, no actual product available yet) and supposedly that makes their company worth 10x more lmao.
 
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Only up another 64% since this tweet. Maybe it would have been up even more without it?

Shorting against retail euphoria is a recipe for disaster. Look at the fools shorting ROKU or TSLA.
 
It was traded over $60 around 2000 then all the way down and did a reverse split 8 to 1 in 2012. has only 30 employees now. may go much higher and i guess eventually it could down to nothing.
 
Market is acting insane. There are stocks up hundreds and hundreds of percent the last few weeks, this one is the icing on the cake.....every fool will continue to repeat that this time its different until it the collapse comes....its not different.
 
Retails are chasing these unprofitable story stocks at insane multiples. The whole EV sector is basically a bubble driven by envy of Tesla. Too late to buy tesla? Buy this small cap pump and dump that also claims it will start making EVs.

Meanwhile actually profitable companies with 20-30% growth like GOOG, BABA, NTES, and IRBT are still undervalued by a lot. It's kind of like the dotcom bubble in that one sector has gone completely batshit with euphoria but the rest of the market is still reasonable-ish.
 
good countertrend / against the grain / kamikaze trading strategy.
It is probably a newbie trader who wrote the research news.

yesterday volume was very high, and there was a long green candlestick.
Those day traders who longed the stock should be laughing
all the way to the bank.
 
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ScroogeMcDuck said:
https://twitter.com/x/status/1341403669162565638

Up 50x on a series of bogus buyout rumors and LIDAR hype. Nearly bankrupt, must dilute to survive. Finding a buyout is impossible when retails are pumping the stock this much. Hindenburg made a good twitter thread about it today.

They took the same old laser scanning tech they've been failing to commercialize for almost 25 years and turned it into a LIDAR (allegedly, no actual product available yet) and supposedly that makes their company worth 10x more lmao.
More...
I sold MVIS Calls near the last half hour because I figured Hiden or Citron would do this. Everyone who listened to him by selling GRWG at $15 are loving life, right? I bought GRWG back when it fell from $25 to $16, thank you Hidenberg!
 
TrailerParkTed said:
I sold MVIS Calls near the last half hour because I figured Hiden or Citron would do this. Everyone who listened to him by selling GRWG at $15 are loving life, right? I bought GRWG back when it fell from $25 to $16, thank you Hidenberg!
More...
Makes you wonder why he did not put a “Sell” at $3,$4,$5 or $6? My broker was sharing short interest on stocks like MVIS with me, its pretty cool! Sold 100 CCs hoping to buy back for nothing and now Hiden puts out this report, killer!
 
ScroogeMcDuck said:
Retails are chasing these unprofitable story stocks at insane multiples. The whole EV sector is basically a bubble driven by envy of Tesla. Too late to buy tesla? Buy this small cap pump and dump that also claims it will start making EVs.

Meanwhile actually profitable companies with 20-30% growth like GOOG, BABA, NTES, and IRBT are still undervalued by a lot. It's kind of like the dotcom bubble in that one sector has gone completely batshit with euphoria but the rest of the market is still reasonable-ish.
More...

Perhaps the speculation is that apple will go on a spending spree.
 
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