This rally looks sustainable, at least for today.
However, I’m not content with selling into it, for fear of missing out on a late year run—despite my bearish disposition.
All I’m really focused on is the doings over at [[MVIS]]. Looking back on 2007, my biggest error was holding onto my position, as the stock slowly boiled me. The key tell for the stock, as always, is when the CFO sold stock—in the $4.70’s. Ever since then, the confidence most investors had in management vanished, like the bonuses at [[MS]].
Basically, I made the grave error of being a true believer, emotionally attached to the stock (always a bad idea).
However, with that being said, there is still a chance the company regain the confidence of its investors, via CES.
What I want to see is a device that is market ready. If the company can do that, I will shut the fuck up and become a quiet shareholder. If not, I’m out.
If I were looking to put money to work now, I’d go long [[VMI]], [[CN]] and [[LFT]].
I do not expect to make much coin in my bear positions this week. The purpose of holding them is for hedging reasons, not greed.[youtube:http://www.youtube.com/watch?v=EOW-TIUrl3k&feature=related 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter