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


To: Dave Gore who wrote (4591)3/30/1999 2:34:00 AM
From: Jon Scott  Read Replies (1) | Respond to of 8189
 
Not everybody is in @ .37. So not everybody is fine. It's much easier to be patient when you are already solidly in the black with cheap abundant shares.
My initial cost was .65, but now DCA is 1.12, and stock has languished for what seems like an eternity. Others are in for more, no doubt. Lots of other places to wait, if that's what you're in to. Personally, I see no reason why this stock has not continually risen from these prices. Other than the company's sudden concern with releasing only substantive PR's, now that the evil Russo's have unloaded.
This, when it's seemingly extremely undervalued and stocks that have nothing going for them shoot to the moon.
The market has settled on the low 1's as fair value for MRPS when nearly all of us think that's cheap. Except for the ones who want it under 1. The same ones who originally paid less than $1.
Some kind of weird psychological thing I guess. Because that makes little sense to me. It either is or it isn't a deal "around" $1. Talk about short term.
Just some comments from the monkey pit. Still "patient", but had better things to do with cash the past month or so while the gang decides what's good for the goose.



To: Dave Gore who wrote (4591)3/30/1999 9:12:00 AM
From: Fbk32  Read Replies (1) | Respond to of 8189
 
Dave: Lets get back to $2, and then $3-5 is a real probability. But to go anywhere we need numbers to hang our hat's from.

And Jon, I agree I could have used the $$ elsewhere as well.

Waiting it out

Brian