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


To: Sam who wrote (3907)3/17/1999 8:01:00 AM
From: learnstocks  Read Replies (1) | Respond to of 8189
 
Sam,
re your 3908, in my opinion you are exactly correct. It was promoted and hyped to the 2.50 level. Along the way the Day Traders(DT) were attracted perhaps from the run up.
I would be interested, Sam, in your thoughts as to who might be doing the reloading. As you say, the stock is cheap at about $1 a share, compared to the high of $2.50. Is the stock really "cheap" at a buck a share? I don't know. Maybe it is overvalued at a buck.
Is it plausible that whoever hyped it to the high of $2.50 will try to promote it again? I assume so.
The question is: what will they use to hype the stock?
Trotting out all of these now well-worn press releases is getting a bit stale now, isn't it? I mean, it is nice to know that Mr. Gayle decided to go to Atlanta to see the last NASCAR race. Is this trip worth a press release? I don't know.
Vic