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MVIS open market insider buy +3

10:15 16-Nov-15


MicroVision CEO Alex Tokman has bought 10K MVIS shares on the open market.  The nominal shorted float in MVIS is over 20% and the rebate rate is 45%.  This situation is similar to the bottom I called in XONE, though the short stats there were even more pronounced.  At the very least, this is strong sign of management faith in the company, but just as with the ExOne situation, I would be careful about how far I look for it to run.  Any over-concentrated investors may wish to use the temporary squeeze to rebalance.