Since my return from Iraq, I've been dabbling with day and swing trading. Last year (2006) was going gangbusters for the first part of the year, but then I forgot my trading discipline and permitted myself to fall into a false sense of security (which caused some financial pain). This year has been going much better and I think I've learned a few lessons about taking profits when I have them and moving on.

A few of the companies that have captured my interest are Internap: INAP and Microvision: MVIS.

INAP surprised the street with some very impressive pre- one time charge earnings which immediately sent the stock soaring back towards previous highs. It's currently in a consolidation phase after this run up, but this company stands, IMO, to provide some serious competition to such 800 pound guerrillas like AKAM. The one time charge was due to INAP consolidating real-estate holdings with its newly acquired CDN (Content Delivery Network) which finally rounds out their IP routing, and co-location services. This enables them to provide the "full package" to prospective customers, along with their 100% up-time guarantee.

Anyone having any doubts about this company's prospects should listen to the most recent conference call by it's CEO, Jim DeBlasio (available for the next couple of weeks at this link):

http://biz.yahoo.com/cc/9/79999.html

And here is a presentation they gave a couple of days ago for the investment community explaining what they do, and what they have to offer:

http://www.internap.com/investor/presentations/files/5-7-07.pdf

As for Microvision: MVIS, I became aware of them in January, 2007 when an acquaintance of mine (friend of a friend) made me aware of the looming "disruptive technology" being presented by Laser Projection Displays. MVIS has developed a laser projector that is the size of your average chocolate mint, small enough to fit in a cell phone:

http://www.microvision.com/

There are a couple of blogs that I pay particularly close attention to for the latest news and insight regarding the prospects for MVIS:

http://microvision.blogspot.com/

And, of course, one cannot overlook the always irreverant (and generally unecessarily profane) "Fly on the Wall", who apparently runs a "bit of money" on the street:

http://flyonwallstreet.blogspot.com/

It's worth reading some of the comments posted on his blog back in April relative to the "special situation" that MVIS shares represent at this level.

http://flyonwallstreet.blogspot.com/2007_04_01_archive.html

That's all for tonight.. maybe I'll have some time to play more "catch-up" in coming days.

The Scrutinizer