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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Nov 7 4:00 PM EST

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To: Joe-MA who wrote (6434)4/29/1999 12:29:00 PM
From: Gutterball  Read Replies (4) of 8189
 
You guys want to hear something funny?

I sold this morning! That's right. I just couldn't justify a $32 million market cap on $84,000 revenues for the quarter. BTW, I'm waiting to see how they calculate that 40% margin.

I know, you guys did the DD and $3.50/shr looks good for year end projections. But why wait 9 mos for 25 cents, when you can have 90% of that target today!

Another thing, the way you day traders have been adding to your positions at these higher prices, you know, increasing your cost basis, MRPS will fall pretty hard once buyers are gone. The door won't be large enough for all the little boys wanting out.

Anyway, that's my take. It's a long time between now and Q2 results and I'm thinking MRPS can be reestablished at much lower prices. Much lower indeed.

BTW, I want to thank you guys for talking MRPS up. Shows you can do something right after all.
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