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Technology Stocks : Microprose, MPRS

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To: flickerful who wrote (169)2/5/1998 7:30:00 PM
From: Richard Makowiec  Read Replies (2) of 633
 
Flick...only thing that I was expecting (that wasn't there) was some good "Sugar coating". Honestly, such an obvious lack of sugar coating does worry me to some extent. Maybe management has nothing to coat it with or they just want to not publically "Look forward" too much for the co. since it is the era of lawsuits for wallet broken investors.

There are so many negatives in that release that I lost count already...too many to even comment on. It really is slanted to a "longs" disadvantage. A few positives were in there...hardly enough to even-the-scales though. Even the "Profitability in 1999" came across poor. It was very vague...didn't speculate/specify/pinpoint a qtr. Fiscal 1999 could mean 1 of any 4 reports, shameful:(

T/A? We know a solid support level has been the $2 1/4 range...hopefully it will pause there long enough for anyone here to time an exit that wishes to. I am even thinking of trimming...didn't mention it before and I still may not do it...I'll know in the morning I guess.

The lack of sugar coating obviously implies that management equates MPRS's future with a high degree of risk. Yes some solid insider buying took place recently, still that does not mean risks are not there looking forward. They are doing the right thing by not leading us to think this is a 1 qtr. turnaround co. here. Heck GTIS wasn't buying MPRS for FEB/98 news...they were buying it for Mar-Dec/98 potential. Now that MPRS is on a solo mission the same potential is there...the management will just have to work harder to make it execute properly. Again, GTIS was looking months away when it wanted MPRS...if you are long here I think you need to do the same (IMHO).

If I do trim shares tomorrow it will not be much. Maybe 1/4 in order to look at some other things in the market. I'll be quite content in holding the remainder till x-mas...I may not even trim, I need to sort things out before acting hastily.

Good luck everyone on all your plays...unless you are short MPRS from way back when, can't wish you holders luck right now:):):)

Rich
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