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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: John Walker who wrote (2600)	6/14/1999 1:34:00 AM
From: swot	Read Replies (1) \| Respond to of 3896

Are you basing your gut feelings on stocks past traded or tracked? i.e. comparisons. If so, which ones (stocks)? The reason I ask is because personally I don't see the stock dropping down that low. Based on the multiples suggested by David Wong - Canacord Capital - the stock will have a value of $13.00 and $19.50, for multiples of 10 and 15, respectively. Tack on the growth that MCF will achieve over the weeks and months to come, and, well, you get the picture. As far as MCF being a speculative play, IMO, these last major contracts with Sony, Sharpe, Ford, NB, SIBN, and a prestigious recognition by Microsoft, puts MCF at the final stages of the spec play. I have to admit, though, I've questioned the market's attitude toward this stock over the past few weeks and I've wondered how low it will go. However, the progress to date, management, and increased revenue leads me to believe that it may not drop as low as some are speculating. It's a tough call and I'm quite satisfied, at least, for now, to just wait it out. Time will tell. In any case, I hope we both come out ahead in the end. Marty P.