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


To: spy hard who wrote (2066)3/4/1999 4:17:00 PM
From: learnstocks  Read Replies (3) | Respond to of 8189
 
spy,
Re your 2066, remember that the Dow was up about 180 today and the long bond went to a rate of 5.7%. Tomorrow will be a big day one way or the other for the NASDAQ, until the last 30 minutes it was up only 2 and rose to only an up of 28. Techs did not do anything great today. Then, you say how does this have any effect on MRPS?
Well, you said it. We need to just sit back and relax a bit. Take a walk to settle down that ulcer.
You have a plan. Sell those 1/3 at whatever floats your boat. And, may I add, forget what you either did or didn't do yesterday or day. It is history. Oh, BTW, I wish I hadn't bought a big block at 2 5/8 but I did. And I except what I did. It was bad timing. So what?
You and I will recover from that if we don't let it prey on our trading psyche. Our question IMHO for the future is: what do I think about the company? And, do I think the company is sound? If not, I should sell. If so, I should maybe sell a bit, like you plan to do, and then see what is happening. Remember one thing. The best the S&P 500 Index did last year on an annual basis was about 27% gain. And, that was fantastic compared to the Russell 2000. Most micro-cap funds lost overall last year, didn't they?
How is that for a perspective?
Vic



To: spy hard who wrote (2066)3/4/1999 4:55:00 PM
From: Donald Powers  Read Replies (2) | Respond to of 8189
 
I can understand your edgyness but the next move above 2 will be to 4 or 5. I have been through this on other stocks many times. The move of MRPS is classic. It moves from below $1. and goes to almost 3. Then returns to 1 and some change. Trades around 1 - 1 1/2 a while(closes the gap) then has lots of volume in the twos, and moves on up to 4 -5. Every penny stock I've been in I've made at least 10x my money. Some have taken a year, some a few weeks like JBOH, but with that kind of return it is worth the wait JMHO.
Don



To: spy hard who wrote (2066)3/4/1999 6:14:00 PM
From: Luddrick M. James Jr.  Read Replies (1) | Respond to of 8189
 
Spy hard,

Great point. You know, while driving into DC today I really thought about that 800K deal...this stock has taken one hell of a beating over the last couple of days and is still hanging in there...were going places folks!!!