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Technology Stocks : Microprose, MPRS -- Ignore unavailable to you. Want to Upgrade?


To: Dan Spillane who wrote (34)1/4/1998 10:24:00 PM
From: Richard Makowiec  Read Replies (1) | Respond to of 633
 
<<<I'm sure MPRS is worth more than 2 dollars a share>>>

I agree...doesn't mean they won't trade it down further, but does offer comfort to an entry at this range. I noticed AKLM pulling up a bit...$ 4 now (on low vol.) Any and all sector strength is needed for holding MPRS. Christmas season was good for sales(IMHO), good news for the others could help an MPRS recovery.

I kinda have mixed feelings on when a possible surge could come. March/April seems reasonable(post release of some new titles, especially Falcon 4). Or it could get back to $3 maybe after the earnings release in Jan (providing they come in better than expected).
Of course, it could get trashed some more before then...that's why, I'm only at a 1/2 entry on my target holdings for MPRS. I've bought at 2 9/32, 1 15/16 and $1 7/8. I'm not adding anymore to get fully entered until some time goes buy or a decent/convincing rally begins. It still may trend down on no news from here...$1 1/2 or slightly less even seems possible before earnings are known. I just don't know on this one...the boys will do what they want and if they want to shake this stock from here out, they will do it.

I would suggest anybody entering this one(if you have done your DD already) to do it slowly, spread out over time (at least 2-4 weeks from here). I'm speculating that this stock will return to $4 and higher...problem is it may go lower before that ocurrs. Entering in stages is all I can do to reduce/limit some risk here for my holdings.

PS: If another offer comes along then forget the above...it should get $4-5 instantly depending on the terms/details of an offer. I wouldn't suggest anyone buy solely for this possible outcome though!

Good trading to all the MPRS longs from here!

Rich