MVIS: I'm Holding My Core Position

May.31.07 | About: Microvision, Inc. (MVIS)

I sold the bulk of my June $5.00 calls at $.35 and $.55 today for a gain of 75% and 233%.

The remainder of my June $5.00s will be held until expiration, since I am no longer playing with my money. Thanks Microvision (NASDAQ:MVIS)!

As for MVIS, I am still holding my core position as well as my September $5.00s. I will also be looking for weakness so as I can buy more Septembers and possibly December $7.00s. For the sake of MVIS's long term trend, I wouldn't mind seeing lower volume selling/consolidation for the rest of the week.

MVIS 1-yr chart:

MVIS