Vuzix, Inc. (OTCBB:VUZI) Sold Under $3, Still Holds Optimism

The enthusiasm for Vuzix, Inc. (OTCBB:VUZI) only served to stoke selling on the very next day. The ticker lost more than 10% to land at $2.50 at the end of the day, on selling volumes above $797,000, more than offsetting Monday’s buying. But if we can trust forums’ sentiments, VUZI just had a minor setback, and will be holding enough loyal investors in the next quarters, as $7 is envisioned as a viable price.

VUZI has a ready-to-rollout pair of interactive glasses, its main attraction point in a world that was recently transfixed on the Google Glass technology- which, sadly, is yet to arrive as a marketable device. For VUZI, it is a matter of producing enough press releases to satisfy interest, as the ticker has shown that inactivity leaves it depressed, as it happened in the summer months.

It is encouraging that VUZI manages to touch the $3 levels, even as a daily high before the selling. The new, longer trading week will certainly allow developments. We will be tracking VUZI to see how smooth the path to higher prices will be.

VUZI recalls the struggles of ImageWare Systems, Inc. (OTCMKTS:IWSY), a producer of biometric technologies that still struggles to spread out its products to market, and is a bit shaky in its share price. IWSY also suffers as soon as PR communication slackens for a few days. IWSY made a run for the $2 levels, but went on to slide toward $1.65 on a few days of flagging enthusiasm.

Liquidmetal Technologies, Inc. (OTCBB:LQMT) is fighting in its own range, still unable to vault the 20-cent levels. With the new openings, LQMT slid down toward 16 cents again.

Investor Tim Sykes is among the famous names staying long with VUZI, and often mentioning the fact. The ticker is widely mentioned on social networks, creating additional buzz and optimism. If you are still looking for the right price range to enter VUZI, and if you are swayed by the longer-term prospects, stretching at least a few quarters ahead, keep in mind that the ticker may not prove a powerhouse, but merely try out different prices. While VUZI is a promising company, this speaks little of the stock’s fluctuations, which may follow a different pattern.