Jim Cramer (Mad Money) said:Now, I don't mind that they went after Microvision. I like the possibilities of what can happen here. Last night on "Mad Money," I got a call on the company and I know that, from Tesla (TSLA) and Ford (F) that if you can come up with a breakthrough LIDAR product, you can solve the problem of self-driving cars, you can create genuine collision avoidance. That's why I want them on the show. I want all of the LIDAR companies on the show, because, as Elon Musk said on Tesla's conference call last night, perfect LIDAR is the key to true collision avoidance.
Now, Microvision, you could argue, is a little nothing company out of Seattle that's never made any money and has had severe financial problems. But if you have a possible game-changing LIDAR system, as Microvision very much might have, you can attract plenty of adherents both, long and short, and, if you gang up on the shorts and get the rabble ruled up, you can take a company from $90 million to a $3.5 billion company lickety-split, especially because the company said on March 11 that it is remaining, and I quote, "committed to exploring strategic alternatives, including potential sale of the company in part or whole."
I bought a few more shares at $22.30 to round up my shares. I still have the 5 contracts. I most likely will exercise them to bring my shares closer to my end goal. Either that or exercise 3 contracts, sell 2 if we spike up to around $40ish (depending on how ER is). Still debating what to do. Also debating on what's mentioned during ER, or if we dip a little bit lower, I might buy another call. I'm really anticipating the ER and what will be said. If it's good, I buy more calls, let it spike up, then sell for profit.
Depends on your tolerances and risks. Can you tolerate and risk having your money tied up in ASRT until a future date? How long will it take? Could you take the "hit" (tax deductible up to $3k) and make that money back faster by investing in something else? These are the questions you should ask.Bought another 25 shares with money I never used from a previous transfer. Considering selling out of my position on ASRT but I don’t feel like taking the hit. It’s down quite a bit.