I try to remember that the results for MVIS will be known in a far shorter time period than most other stocks I have ever owned. This is not a company that will need years to overcome multiple huge entrenched incumbents or one that needs to convince an entire sector of the economy they have a new disruptive technology.
If they can build it, they sell hundreds of millions--simple as that. We'll have a good idea in six months and know just about for certain in one year.
The bottom line is that they could sign a contract with Sony tomorrow for a hundred million embedded cell phones. But that will give no more indication if they will be successful at production than today. They still have to produce. So who knows how the market will treat news like that.?
I think most people would be pretty happy with a gain of 20%-40% on a stock in one year. If I guaranteed you a 40% return on an investment would you buy?
Well think of it this way. In one year, it should be clear whether or not they can deliver. If it is affirmative, the stock will likely gain 3, 4, 500% around then--on its way to far, far, more.
I have ZERO doubt they will produce something significant for CES. I am hoping a fully functional embedded MOT prototype that blows away the compettion. But who knows how the market reacts to that? Up for awhile then pulls back on no more news until the next cc...and so on.
Sure it sucks to wactch your stock go down. But this really is a stock to take off your portfolio, watch developments and competition and wait, at the most 12 months.
Dree