The Spin on Spintronics

On the 1st and the 3rd of August I talked about NVE Corp. (Ticker: NVEC). This small company in Eden Prairie Minnesota is worth doing some research on. Their founder has spent years developing a new technology that could change the future by changing the way semiconductor chips store information. The company is developing "Spintronics" which utilize the spin of electrons to store data instead of a positive or negative charge. Regardless of whether the buzz is real or just spin, NVE Corporation’s stock has been in a lot of demand lately. The fact that 20% of the stock was short has also been a driving factor for sure. But if the hype becomes reality this company’s stock could go much higher. Yesterday the stock broke to an 18 month high and vaulted 13.23% higher. I’ve made several purchases of NVEC in the last few weeks, with the best entry now up 24.96%. This will be a very interesting company to watch.