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

To: Bill on the Hill who wrote (3902)	3/17/1999 12:19:00 AM
From: learnstocks	Read Replies (1) \| Respond to of 8189

Howdy back to ya, Bill, I've missed those insightful posts. It is informative to learn your philosophy on trading the penny stocks. I certainly hope that Mr. Gayle will be able to find the right combination of people to help run this firm in the future. I certainly don't pretend to try to tell him how to run his ship, but I do think that some minor changes would be helpful not only to him but to all of us as investors. It is good to hear you have been having luck with other stocks. Thanks for stopping by and saying hi. Vic

To: Bill on the Hill who wrote (3902)	3/17/1999 6:07:00 AM
From: learnstocks	Respond to of 8189

Bill, You know, something you said in your 3903 bothered me when I went to bed. Since it still was bothering me when I woke up, I did a bunch of research on stocks like Rite Aide (RAD) and Iomega (IOM), along with other stocks that have had some accounting problems of late. Now, I know that most people will immediately discount my thoughts by saying that this stock has sizzle and that they don't. But, after reading more accounts of stocks which have had problems due to accounting problems and overstated earnings, I began to again muse about the projected earnings of MRPS in 1999. The more I read, the more I thought about what you had said. If you don't mind, I will quote what you said. "Bottom line on trading these bb's for me is that I can make a few dollars and lose at least that much on the next one. So I do not risk much on them. If I buy the pennies I buy them before their first major run or not at all. Never the tops." Now, I have come to respect what you say (if you don't mind my saying this). And, the phrase "Never the tops" sticks out like a sore thumb. If you look at the six month chart of the stock movement on MRPS, it is very telling. Vic