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Technology Stocks : Microprose, MPRS

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To: Hansy who wrote (318)3/7/1998 9:02:00 AM
From: Richard Makowiec  Read Replies (5) of 633
 
Ahhhh, a sensible post (relative to this reverse split stuff). Thanks Hans...I was about to do it myself. The Yahoo board is snow balling this one too. I bought more this past week at $1 13/16 and intend to pick up a bigger chunk on Mon at $ 1 1/2.

Like you indicated...the co. has stated that they have enough capital for a year. That's what my play is on this one. Don't really care about the in-between trading prices (except to the point that I can buy more cheaper). I'll measure my results based on the time horizon I have chosen (1 year). Until then I sit tight and awiat product launches.

As far as the split...I wish a 1 for 2 would occur, looks like it may not be enough though for NASDAQ. Ahh well, what happens happens....

Of course the long shot play is always in tact as well. If GTIS assessed value of $8 5/8/share months ago with no major product releases, why would it not be, at least partially, valued in that range today with no major products released yet? Sure a couple qtrs. of terrible results have occurred which could present a strong case for the $8 + value being lofty...still, $4-5 seems to be fair (IMHO).

When it arrives at that who knows...again, I'm in until next x-mas (or longer...will decide about that when x-mas is closer).

A lousy couple months have passed since the GTIS break-up....jeesh, alot of people here and on the Yahoo thread expect things overnight. Some co's may be able to acomplish that...MPRS is not one of them (due to the challenges they face). Much more than a few months are needed here. Either a buyout occurs or it will take 3-4 qtr's to get rev's up and the products out. Anyone hoping for anything else sooner should reconsider.

Have a nice weekend all,

Rich
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