Why MicroVision Stock Just Tanked (Another) 8%
Shares of scanning technology-maker MicroVision (NASDAQ: MVIS) took a tumble on Tuesday, falling 10% in response to a negative note from Wolfpack Research, which blasted the company's "ridiculous" valuation, and said stock traders' decision to bid the company up 1,000% in three months in hopes of profiting from "a $1 billion buyout ... have absolutely no basis in reality."
MicroVision's fans didn't like hearing that one bit, and in fairly short order, a Twitter war flared up with the company's supporters leaping to its defense, while detractors (Wolfpack being chief among them) insisted momentum traders are "out of [their] league on this one."
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Source Fool.com
