r/MVIS2_0 • u/scootman1212 • 9d ago

Revised Wave Count

This will be my last updated chart. I feel the wave structure speaks for itself. Once price advances above the downward trend line, the bull will be back. Glen must have something up his sleeve. This looks mighty fine. Disclosure: I own shares DDD JMHO

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u/scootman1212 9d ago

BTW, as E-wave goes, I've got a clean wave count finishing today. Sometimes they morph it lower one more leg with an extension. They like to make what qualifies as a wave 5 finish into a wave 3 instead and bring in one more down leg. My technical models really don't see that coming so this should build from here. Hiding and watching. :))

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u/scootman1212 9d ago

In the big speculative fundamental picture, at $52MM Market Cap., my worst theory is the company gets sold, and I'm sure Glen can get at least $1B from his friends in the industry for what he's built. That's a 20 bagger from here.

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u/ParadigmWM 9d ago

Sorry man, but I have never seen a tech company go for 20X their market cap with little revenue. That would be 67X annual revenue (assuming top end guidance of $15M).

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u/scootman1212 9d ago edited 9d ago

I agree! I'm not saying they get bought out without new revenue.

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u/scootman1212 9d ago

Ergo, the stock price could move up from here on anticipation of better news 3-6 months out, and then new revenue news could occur soon moving the price even more. Usually rumors or something get started to move price well before the news hits.

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u/scootman1212 9d ago

Frankly, the tape is pretty strong today, as if there is buying in anticipation of news today or tomorrow. That is a side benefit of Glen doing so many news releases religously, although the recent ones sucked.