BTW, I'm long MCF. I've bought and sold the stock a couple of times but have remained long since the stock traded at $7.55 and then added again (on margin) at $9.30. Foolish, maybe. But that's what I did. John may very well be right about having to make a margin call (if it was John who mentioned it, I didn't search the posts to find out).
At this point, I feel much more comfortable waiting to see if this occurs rather than risking a sell off to buy in at lower prices. Actually, price wise, it's probably the best thing for me to do. If I felt that Microforum was shy on potential, and I didn't believe in the management, I most definitely would have sold. But that's not the case.
If the stock doesn't drop any lower than 5/share, my margin call will be extremely small. I'm prepared to take that risk and pay the margin if I must. I'll still make good money in the end, as I have so far. I'm quite comfortable with the profits I will make when the stock retraces itself back up. I also think that John has underestimated the future value of this stock. This is based partly on company fundamentals, marketing potential, progress to date, and very largely on my own gut feelings. And even if I'm wrong, I would rather live in harmony with myself, then go against what my gut tells me.
All the Best
Marty P. |
