Using Flash Memory Expansion Module for windows

[Tsquare]

Hi all, I am new to the mac world. I recently bought a late 13 rMBP 15.4" 8gb/256. I am looking at getting a PNY Flash Memory Expansion Module 128GB. What I want to know is this:
I already purchased and installed parallels on my mac, and I have windows 7 running on it. I am a little concerned about space on my hdd. Can I use the above mentioned module and put the windows on it? Even better, is there a way to "move" the current windows installation and all the software I have installed over to it?

How will it perform as far as speed?

Thanks.

 

[leman]

That Memory Card will basically work like an external drive. The only windows which can be installed on an external drive without much hassle is AFAIK Windows 8

 

[Tsquare]

That Memory Card will basically work like an external drive. The only windows which can be installed on an external drive without much hassle is AFAIK Windows 8

Thank you for the info. I ordered one today and should have it Wednesday. I will use it for storage purposes. That should ease my internal capacity.

 

[Etan1000]

That Memory Card will basically work like an external drive. The only windows which can be installed on an external drive without much hassle is AFAIK Windows 8

Windows 10 also runs off an external under Parallels.

Etan