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


To: Shake-Man who wrote (413)3/19/1998 8:42:00 PM
From: Richard Makowiec  Respond to of 633
 
<<<I looked at this stock a month ago when I first became interested in stock trading.It's gone up a lot since then. Why in heaven's name didn't I buy some back then? No, not me. I had to go and invest in Tasty Fries. I'm an idiot. Thank you.>>>

I have made my share of mistakes early on, even some recent ones too...don't be so hard on yourself.

Your not an idiot now...you could be one if your investment outlook for what your currently holding has gone sour and you do not sell. No shame in that...I sell stars gone dog all the time. I just wish I did it 100% of the time...seems I only practice it 99% and that 1% I don't usually hits the portfolio hard.

If you no longer like tasty, dump it...if you like MPRS, buy it. If your new to this game and feel immediate failure, take a brake from it.

Remember though...make sure you save enough money to buy a copy of Falcon 4 when it is released... your new friends on this thread would appreciate it.

Rich



To: Shake-Man who wrote (413)3/19/1998 11:46:00 PM
From: Charlie  Read Replies (1) | Respond to of 633
 
Hey, Xanax I know the feeling...I was watching MPRS and panicked on Feb 5th when it appeared to be headed to the sky. I made my first stock purchase at its high that day. At least now I need only glance at a graph to see when I made the purchase :) But, its coming back, so maybe soon that peak will be forgotten.

I can't say that I agree with some of the concerns expressed about Falcon 4. I will buy Janes F-15 and AWIII and probably some other games before July, but that won't stop me from buying Falcon 4 whenever it comes out. I think the same will hold true for the other million or so folks who spent so much time enjoying Falcon 3, regardless of what kind of plane they are "flying" on the day of the release.

I have enjoyed reading this thread and appreciate all of the advice and information.



To: Shake-Man who wrote (413)3/20/1998 8:12:00 PM
From: V.  Read Replies (1) | Respond to of 633
 
Xanax,

I love your nick!! LOL!! :)

"If you're an idiot, then what am I?" <gggg> I will have to share my story on my DELL SHORT sometime. That wouldn't have been so bad, except that I had actually wanted to go LONG. Yeah, that's right. ;) That was back when I was a little greener, but EVERYONE makes errors in trading, and your "confession" is VERY mild, really!! :) So, cheer up!

Now, on MPRS: There is a decent amount of support here, around 2 3/8, but if that falters, another entry point would be 2 1/8, so don't worry, you haven't necessarily missed it. Besides, it's not good to chase 'em, they typically come back, time and time again. :) Note that it is coming down on lower volume than on that which it went up, which is a bullish sign particularly in light of the recent market action. After every run there will be some consolidation and that is very good technically and to be expected. Much better than a big gap up, as excessive retracement is more limited on a slower, steady increase in price. Note that the stock is trading tighter, less divergence, and this bodes well for another move prior to the current convergence that we see here. I'm suspecting that the move will be to the upside, but we shall see.

On another note, I appreciate all of the excellent contributors to this thread, it's one of the most informative around, and I wanted to thank everyone here for their input. I have some of the same concerns as many here, the long term debt is very large, they have had problems getting games out on schedule, etc...but I am pleased that they didn't merge with GTIS personally. I do believe that once they get that debt situation under control, that they might be ripe for another merger...but even if that doesn't come to pass, there is such limited downside to this one, that it wouldn't hurt too much even if they went belly up. (HEAVEN FORBID!) hahaha

Take care, don't be too hard on yourself...have a great weekend, and we'll watch the T/A on this next week to get a better idea of what is in store.

V.