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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Nov 25 4:00 PM EST

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To: Gutterball who wrote (1582)3/2/1999 6:02:00 PM
From: Kevin McKenzie  Read Replies (1) of 8189
 
The trouble with selling a stock with a lot of upside potential, is that it is easy to get forced out of a good position.

Agreed. Many people refuse to repurchase a stock at a price above their sell price. I know I've done this (with stocks like AOL, DELL, PPD, EGRP). Not that MRPS is in that league of stocks, but I do think it has good potential.

However, MRPS definitely lost some short term momentum. Bill gave us some good advice, to take some profits from the table. If you're riding free or very cheap stocks, you don't sweat the moves as much. It did concern me a bit when people started saying they were "breaking open the piggy bank" or "selling my other holdings" to purchase more MRPS. That makes for weak hands.

What amazes me is how a stock can be perceived as "the most undervalued BB in years" one day; then the next day (after a positive news release) the talk and momentum turns negative. I don't think I'll ever get used to that (even though I'm finally figuring out how to profit by it).

Just my two-cents. All of the news releases made by MRPS have been pure substance; free of any hype or fluff (unlike most other PR's). With the exception of the January 15 "Corporate Profile for Microphonics", every press release refers to a new contract to supply product to a new customer.
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