Position Updates: MVIS

More good news.

Microvision (Nasdaq:MVIS), announced today that it has entered into a development agreement with one of the world’s leading distributors and manufacturers of diverse consumer electronics products. Under the agreement, the consumer electronics company will be evaluating Microvision’s advanced pico projector prototype displays for use with a variety of mobile devices including phones, laptops and personal media players. For confidentiality reasons, the name of the consumer electronics partner and terms of the agreement were not disclosed.

[youtube:http://www.youtube.com/watch?v=HVvrEeVN_vw 450 300]

“The Fly” doesn’t feel sorry for you. You were given three weeks notice of pending doom, yet did nothing to protect your family from swift “de-banking.”

Now, many of you feel the short trade is “crowded” or “long in the tooth.”

Fuck you. I don’t think so.

I’m very busy now. So , I don’t have time to explain the intricacies of how this game works.

Just know, fund managers will position themselves accordingly, early 2008, much to your chagrin.

I bought 1,000 [[EEV]] @ $75.68.

Disclaimer: If you buy EEV because of this post, your water heater will burst. And, you may lose money.

[youtube:http://www.youtube.com/watch?v=8RHBOfM9CFQ&feature=related 450 300]

Apparently, the bull asked the bear to look at him.

I bought 2,500 [[FXP]] @ $78.75.

Disclaimer: If you buy FXP because of this post, “The Fly” will buy your house in foreclosure, in 2008. And, you may lose money.

Over the weekend, I was doing some screens and found [[CMO]]. With the word “mortgage” in the company name, one would think the stock would be getting killed. But, it is thriving.

Plain and simple, 99% of CMO‘s holdings are Gov’t agency bonds. As rates go lower and the spreads widen, they bank even more coin.

Also, because they have REIT status, the company will pass the extra coin to you (leech investor).

During the last rate cut cycle, CMO went from $8-34, while paying off loads of dividends.

Barring armageddon, CMO can be an interesting play, as rates drop.

Over the next week, I will highlight stocks on my radar, in order to help you understand how men with greater intelligence operate.

Viz.

While you incur large market losses today, “The Fly” laughs at your folly.

I fucking warned you this would happen. I told you: “during the first two weeks of the New Year, the ‘homo-hammer of certain death’ will rain down on your gay heads. ”

What did you do to prepare?

You bought more high beta securities.

Tonight, while driving my plutonium powered time machine, I’ll be sure to buy your house, in foreclosure—sometime in the near future.

What to do now?

Fucking sell, asshats.

I’m keeping my [[MVIS]] lotto tickets, mainly because I feel CES will kick ass.

Additionally, I will add to my burgeoning short positions, via [[FXP]] and [[SKF]].

And, I feel [[LEH]] blows. I will sell them short three times today.

Off to celebrate, via throwing large painting at my trader/servant.

[[MVIS]] unveiled its new standalone projector, named SHOW.

Without doubt, the new device kicks ass. Now, let’s see how the market likes it.

Having a real time machine is a curse, not a decadency.