Hoffy:
The market, in general,can (and does) affect all stocks. When traders and others see the market going South, they head for the stocks going North. If traders and others see MRPS heading South (for MM or other reasons), they tend to panic and bail with a profit. You say, that MRPS (which I own)"may go to $3.00 or $5.00, and this is based on a good, solid company with a product that WILL BE wanted by many companies." We don't know that, yet. It may turn out differently. The words "WILL BE WANTED" indicates a view that companies "will want" this product IN THE FUTURE. The only reason I point these things out is because my name should be "Gun-shy" from a bad prior experience last December. I read a post above where a few SI Members said, "I wish I could mortgage my house to buy MRPS." This indicates to me that lots of people are caught up in the "hype" of a stock, and believe, based on speculation only, that the stock wlll make them a fortune. Some SI Members (above posts)are already buying their new Corvettes from the profits! All based on "forthcoming, possible good news from the spokesperson for MRPS." Some said the news was due out on Friday, others say THE NEWS is due on Monday or Tuesday." Others (on posts above) have said, "We know what the news is, but it's not the news you think." What does that mean? It means speculation and hype to me. Based on that, people may invest money they don't have on something that may (or may not) materialize. I did it last December. Same scenario almost. MLRE was being hyped on "Good News" coming on Monday, January 4th. I read it all weekend, and, contrary to what I've always done (been careful), I jumped on a Market Order t 9:33 AM on the previous Thursday. Schwab took 35 minutes to get the Market Order thru. It went from $19.50 to the top of where I wanted to be - $25. They have a no cancel policy, so I was at their mercy. I wanted 2000 shares, and put a ton of my holdings into the MLRE. Buying at that price caused my Margin Account to activate ($10,000 in margin). Over the weekend, Stock Detective.com came out with a negative story. Schwab immediately called the margin, so this meant I had to sell by Monday, January 4th. By Monday, the stock was at 14. That little, greedy move on my part cost me $23,000. MLRE plays at about $7.00 now - 30% of what it did a month ago. I recovered by playing the stocks smarter, and had to learn patience and timing all over again, but it's safer than "taking out a mortgage". If I can only get the point across that it's okay to buy stock - using your own money that you have, and not to borrow funds from margin, or sell other stock off to take a risk (and that's exactly what this is right now), then I will have done some good out there. Buy MRPS. But to all, just buy it with caution, don't load up unless you have the cash, don't forfeit margin, don't lose money, and I'd like to say, "Don't buy on spec", but it's all we can do right now because there is no story yet, there are no numbers yet (some say 34% margin, etc.). Over all - best of luck, and it is luck, to all - including me, I'm holding MRPS, but it's a safe amount.
re:MAX |
