MVIS on Trader's Radar

MVIS on Trader's Radar

on October 31, 2006

MVIS on Trader's Radar

Thomas J. Catino | 11/1/2006 8:00 AM EST

Here are 4 stocks that traders should put on their radar for today's trading session:

Lumera Corp. (NASADAQ: LMRA) has been on a tear since October 16 when the nanotech company announced that it had "successfully tested a millimeter wave wireless bridge that will enable clients to transmit vast amounts of data through telecommunications networks." The company released more news today when it announced that Harvard Medical School researchers are now building next generation discovery and diagnostics methods with it's ProteomicProcessor Biosensor. Harvard has served as a beta site for Lumera's biosensor platform, the ProteomicProcessor(TM), since mid-2006. Within the last few weeks, the stock has risen from the dollar range to yesterday's closing price of $8.74, trading over $9.00 in the after hours trading session. With its Harvard affiliation, the stock is no longer the best kept secret on Wall Street. Microvision Inc. (Nasdaq: MVIS) , which still owns a stake in Lumera to the tune of 1.75 million shares as of October 17, has also jumped higher, from a low of $1.37 earlier last month to today's closing price of $2.04.

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