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Technology Stocks : Microlog(MLOG): Ready to Move?!

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To: Beverly M who wrote (201)10/10/1997 8:49:00 PM
From: ChrisJP   of 595
 
Peg, Linda, and others,

I think I've said this before.

My advise is to wait for 3 or 4 more weeks for earnings to come out. If the earnings bring the stock to fair value, then with some luck, it will shoot over 10 and you will have achieved at 25% profit in 1 month. If MLOG announces some new business successes, you can hang on for 12+ in the coming months or sell on the good news. If 25% in 4 weeks is not to your liking (think about RECY before answering) then sell MLOG and put your money where you think it will return more.

I hope you don't mind me being preachy for a moment, but there's a lot to be said for looking before leaping. Everything you needed to know to decide whether or not to buy yesterday was here on this thread and in the research report Sergio posted. I've said for some time this stock deserves to be between 9 - 10. Why buy at 8 1/2 ? The report Sergio posted valued MLOG at 11 -12 a year from now if its business plans materialize. Again why buy at 8 1/2 when a month ago it was at 5 7/8 ?

I only wish the other threads I followed spelled out the investment opportunity as clearly as I did for this stock. As a result of this POW and BLSC, I've E-mailed Sergio with some ideas for changing the POW system that has materialized so that we are not all zooming in and out of "the stock of the week". I hope my suggestions are considered.

Regards,
Chris
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