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Microcap & Penny Stocks : MCLL Metrocall

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To: MLAHR who wrote ()12/16/1996 7:57:00 PM
From: Don Roche   of 266
 
I bought mcll at $19.50 per share at my broker's advice. I no longer have that broker. First of all I thought it was poor advice since cellular phones seem to be the rage in lieu of beepers. Being an ignorant investor who am I to second guess the experts.

Personally, I don't think pager stocks are worth more than $5 a share, even though I currently own 300 shares costing $19.50 each. I would have sold long ago, but my broker seem to believe this would be a temporary setback. That and the fact it's part of my IRA money which can't be written off leaves me praying for a near breakeven mircle so I can salvage something.

On the positive side, the company CEO brags of a banner year and great success on positive acquisitions. Failures of other wireless companies have cast a dark shadow over mcll's positive efforts. Let's hope mcll can overcome.
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