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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (730)	2/28/1999 12:30:00 PM
From: re: MAX	Respond to of 8189

Jeff: I'm a believer in MRPS, honest. I bought 2000 shares at .8125, and I'm comfortable with those. Will I take the chance to buy more? Maybe, at a price that's okay. Will I buy on a runup? No. Will I wait for a downturn? Maybe. . .it depends on how down it turns. Will I buy on an immediate drop in price? I don't know because I won't know why it dropped unless their is news. I ALWAYS check news stories before I make that decision. Chances are, based on the fundamentals, I would gamble on another $1000 or so, but not to where I would put anything into jeopardy. I may sell half at $1.60, and ride the rest to stardom. I won't have a clue what I'll do until "decision time", and I never actually know when that will be. If I miss the mark tomorrow, I'll opt to "tread water" for awhile to see what shakes out. It appears that whoever bought in under a buck can't lose. Above that, to me, is risky. "Am I feelin' lucky?" I never "feel lucky", I do, however, gamble. I can also jump out at any time, and not take too bad a hit if people drive the thing way up only to grab a quick profit on hype, then drive it way down and leave it stuck at .50 again. I figure my "risk factor" is .30 right now. It's not a big deal to lose .30 at 2000 shares. I have no personal opinions as to where this stock will take us because it would be speculation, which, if you read the posts, I don't dare do. I've seen specs. If they don't pan out, the speculator isn't hurt, only the buyers who drift up there with the highs, and can't bail out. I'm as long as the stock will take me. I'll buy if it continues to look better as time goes forward, and I'll bail if it hits a certain number and drops rapidly. I don't have a clue yet as to what the magic number will be. Right now, It's off to work. I have an Open House to do from 1-4PM today so I can earn money to gamble. Best of Luck, thanks for your homework and comments. re:MAX