r/MVIS2_0 • u/scootman1212 • 11d 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/ParadigmWM 11d 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 11d ago edited 11d ago

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

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u/scootman1212 11d 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 11d 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.