NVE Corp. (Ticker: NVEC) like TNT, it Explodes!

I did a lot of ‘soul searching’ the last few days concerning this company. I mean, is this company’s prospects really as good as the explosive stock price says it is? For starters I read everything I could on the company’s IP (Intellectual Property), patents and technology, and I read all past and present news releases about the company, its customers and it’s management.

I then listened to NVE Corp’s last earnings press release again on the internet. I was very impressed with how assured they were that MRAM could not be produced without their intellectual property and it’s a fact that Freescale Semiconductor is currently in production of MRAM, have been for several weeks now, which mean future agreements and royalties.

With the rapid run-up in stock price I wanted to feel assured I wasn’t falling for line of hype. After all, I’ve put a hefty percent of my trading capital on NVE and don’t want to be a bag holder if it crashes and burns.

So, what finally reassured me that I needed to stay long and strong? It’s the same thing that caused the stock to jump when they released earnings. It keeps coming back to the 71% growth in product sales they reported on July 31st, and the future prospects of the Spintronic technology that many think will be very life changing. And for now anyway, the stock refuses to pull back, and just keeps charging higher.