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Microcap & Penny Stocks : MCLL Metrocall
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To: Bipin Prasad who wrote (156)2/8/2000 9:59:00 AM
From: Dako  Read Replies (1) of 266
 
<Don't think PSINET was a fool either by investing in MCLL!>

Not for a minute. But PSINET had a number of things going for it that you or I don't:

1)They paid $2.19/share, thus defining their risk much more favorably than those paying 3-7 times that

2)As an internet co., they will not be punished by the market if they pissed the whole $17 million down the toilet

3)As an internet co., obtaining customers and revenues, which they are potentially doing here, is rewarded by the stock market, even if the investment did nothing for public investors

MCLL has some possibilities for the strategic investors even if its strategy ends up flopping for its public investors, which is very highly likely, given the cost and competition involved. In the best of cases, any evidence of success will come well after 95% of the current daytraders who own it have forgotten its symbol.
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