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


To: learnstocks who wrote (3906)3/17/1999 6:53:00 AM
From: Sam  Read Replies (1) | Respond to of 8189
 
Some one promoted this bird up to the 2.50 area ,unloaded ,then let it settle back again .It would be interesting to know who is reloading at these cheap prices ,the last run has cooled down now and will have a repeat in the promotion in about sometime late next week .the DTs dont like holding a stock that long ,so its a guessing game
J.M.O.
SAM



To: learnstocks who wrote (3906)3/17/1999 7:08:00 AM
From: Jon Scott  Read Replies (1) | Respond to of 8189
 
With BB stocks, that's generally all you get is potential.
Regarding your investment decision...
You made 1/2 of it when you bought. Obviously, you're not happy with it. You can't expect to hit every low when you buy. The difference between $1 and $2 is relative right now.
The Russo situation will not affect the company's future in any negative way, so it doesn't bother me. Consider it part of the MRPS learning curve. That's why I stated earlier the relief in learning of them hiring a CFO.
And reverse mergers are a common means of quickly going public without the normal red tape.
Again, if you have concerns, call the company. Better yet, you're in VA. Drive down,