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re: LiDAR stocks

Posted on 12/17/20 at 11:05 am to
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/17/20 at 11:05 am to
These are just previous support/resistance trend lines that are likely to be tested.

The bottom green line was acting as support (price wouldn't go below) back in 2014 but then it finally did drop below it and then became resistance (price wouldn't go above) in 2016. It tried busting up past it in 2017, but we finally(as in TODAY) just broke past it.

Still a couple weeks left in December though so it's still not official. But it's a great sign and SUPER BULLISH!

The red trend line dates back to 2006 and failed to hold in 2011. I think this red line is where MVIS is headed. Especially after they announce a strategic investor/merger/buyout.

This monthly chart has been in bullish consolidation for like a decade now. I mean there are crazier targets much higher but I won't go there just yet.





This post was edited on 12/17/20 at 11:13 am
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 12/17/20 at 11:38 am to
The buyout crap has been a big part of the thesis for 2 decades... This will not end well for you...
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/17/20 at 11:40 am to
Not like this, Zilla. Not when LiDAR is popping off like it is.
Posted by BehindtheWoodshed
Louisiana
Member since Sep 2007
2334 posts
Posted on 12/17/20 at 11:45 am to
Awesome. Thanks for the info!
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30549 posts
Posted on 12/17/20 at 2:18 pm to
MVIS $5.15!!
Posted by BehindtheWoodshed
Louisiana
Member since Sep 2007
2334 posts
Posted on 12/17/20 at 2:19 pm to
Yep. I’m enjoying this ride.
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/17/20 at 2:25 pm to
Updated targets

Posted by Jag_Warrior
Virginia
Member since May 2015
4089 posts
Posted on 12/18/20 at 6:59 pm to
Great call on MVIS, ATLsuTiger.

The puts I had on LAZR will be assigned tomorrow @ 30. With the put premium plus the 1.50 move in AH trading, I’m now green with that. But long MVIS stock or calls was clearly the right play. I tried to dump some puts on it too, but never got an execution at my price.

Some more good news on LAZR from earlier today:

quote:

--Analyst Actions: Deutsche Bank Starts Luminar Technologies at Buy With $37 Price Target
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/18/20 at 11:49 pm to
Thanks! MVIS might need a healthy retrace to the 4.20 area at this point after shooting to 5.83. She clearly lost some steam today after that move, but the close above $5 was pretty important.

LAZR got the Jim Cramer pump as well I believe. Them and VLDR are definitely ahead of the LiDAR game when it comes to press and partnerships.
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/19/20 at 10:05 am to
Luminar Technologies: Breaking Down Deutsche Bank’s New Bullish Call

quote:

While the company already boasts an $8 billion market cap and its valuation is “rich by near-term metrics,” Rosner argues it is justified due to Luminar’s “superior technology and the size of the mid-term market opportunity.”


quote:

Rosner expects Luminar’s sales to have a steep upwards curve over the coming years. The analyst thinks the company will shift from selling 500,000 sensors in 2025E to more than 6.5 million in 2030E. Revenue should follow accordingly and climb from $635 million in 2025E to $4.5 billion in 2030E.
Posted by Jag_Warrior
Virginia
Member since May 2015
4089 posts
Posted on 12/21/20 at 7:50 am to
Still doing well in the premarket despite the market downdraft. Let’s see if it can hold.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10398 posts
Posted on 12/21/20 at 7:58 am to
quote:

A fourth lidar company is going public via a special purpose acquisition company, with Innoviz Technologies being the latest to announce a merger.

The SPAC Deal: Innoviz Technologies will go public via a merger with the SPAC Collective Growth Corporation
CGRO
.

The deal was done at an equity value of $1.4 billion. The PIPE included Magna International
MGA
, a tier one automotive supplier and current investor.

The new company will trade as "INVZ" on the NASDAQ. Shareholders of Collective Growth Corporation will own 11% of the new company. The deal is expected to close in the first quarter of 2021.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30549 posts
Posted on 12/21/20 at 9:00 am to
cant hold MVIS down. shook off the PM and +6% already!
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10398 posts
Posted on 12/21/20 at 9:03 am to
I came close to doubling my position. I wish I would have now.
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/21/20 at 10:09 am to
LAZR is popping nicely today as well. Here is LAZR's CEO talking about their technology.

YouTube

Scanning mirror huh...hmmm sounds kinda like what MVIS has perfected in their work with Microsoft.

MVIS' CEO insists they are "many years" ahead of competition. That can't be ignored, especially looking at LAZR's current PPS. April 2021 can't come soon enough.

Posted by Jag_Warrior
Virginia
Member since May 2015
4089 posts
Posted on 12/21/20 at 11:00 am to
LAZR: 25% pop in two hours! I’ve lightened up on the trading position that got put to me on Friday for a silly one day gain. I’m holding the investment position, with half of it against a Jan. ‘21 40 strike covered call.

All I can say is, Merry Christmas, ATLsuTiger.
Posted by Tecade12
Member since Oct 2016
189 posts
Posted on 12/21/20 at 11:07 am to
Damn i missed it :( someone was just telling me about it this past weekend
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 12/21/20 at 3:46 pm to
Apple Car rumors are pumping the whole sector.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10398 posts
Posted on 12/21/20 at 3:54 pm to
quote:

ATLsuTiger


Thank you for these stock tips. Doubled up and then some.

The money board is awesome. Everyone is helping out each other and we are all making money.
Posted by BehindtheWoodshed
Louisiana
Member since Sep 2007
2334 posts
Posted on 12/21/20 at 3:58 pm to
I second this!!!

I’m almost tripled on microvision!! I guess we just have to hold on at this point and see if the buyout happens?
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