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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Dec 11 4:00 PM EST
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To: learnstocks who wrote (3134)3/9/1999 6:27:00 PM
From: xbrent  Read Replies (1) of 8189
 
BB stocks are not NYSE type stocks and it is difficult to use the same guidlines. Sometimes they get way ahead of themselves and sometimes they are way behind. Some BB stocks do make it into the big time while most do not. Investing in BB stocks is almost all based on what they could become rather then what they are. MRPS could become huge based on their relationships with GM and Ford and to a lesser extent the various racing organizations. I don't care much about the racing organizations perse'. What I do care about is who is involved in the racing organizations. The best engineers and development people are in the middle of racing. General Motors is very involved with helping Dale Earnhart to win and know all that one might know about his cars from an engineering point of view.
But getting back to the major automotive firms, if Ford and General Motors are using MRPS across their organizations in a major way a host of other similar manufacturers will soon be on board. Thats what we are buying when we buy MRPS. The way it looks right now the other mfr are just days or weeks away. When that is all said and done then we can attempt to analyze MRPS along more tradional lines. Projected earnings, trailing earnings, balance sheet, assets, liabilities etc.
Until that time, like most other BB stocks, one invests in potential and hopes, prays, that when its all over that the numbers work. MRPS could be $5 by then and be worth $10 or $2.50. For me, I am glad to wait it out becuse regardless it will be alot higher than it is today.
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