Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Craig K who wrote (1262)	3/2/1999 9:03:00 AM
From: * Thumper *	Respond to of 8189

Morning folks, Here's the way I read the news: News was very positive in it's own way, simply put NASCAR will use their product in return for what???? Advertising...Endorsements??? We are just speculating..... Unfortunately & regardless just how good a product MRPS makes, I think there is a retrenchment coming starting around 9:45 a.m. as the "sell on news" players bail.... BUT....Can you imagine where we will go today if everybody just doesn't sell....& the buys keep coming in like yesterday....we would close in the $3-$4 range.... From my experience in the BB's, & since the news was not about contracts, earnings, or numbers in general, we (all the longs) have a big job ahead of us today just trying to keep the price stable.... Don't forget, it took us days to get the price to where it is & considering that 2 1/2 mil of a 3.9 million float traded just yesterday alone, I believe that if everyone just hangs in there, regardless of how hard the MM's try to shake us out, that we will be able to create a support base in the $1.75-$2.00 range that will be as solid as concrete. There can't be that many shares left out there in the free float & if the MM's manage to gather 500,000 in a shake out, I feel they will be quickly reabsorbed before this day is over. Essentially, as a team, we could control the volitility of this stock..... JMHO.....Any comments????? T.