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


To: $Mogul who wrote (4597)3/30/1999 10:01:00 AM
From: Jon Scott  Read Replies (1) | Respond to of 8189
 
Why would I BUY, BUY, BUY at 31/32 and not @ 1?
Makes no sense. If you think the stock's so valuable, why wait for some psychological entry point. That's not practical at all.
EDIT
As a matter of fact, it would only cause an artificial spike if everyone bought "below 1". This stock will go up based on it's value.
If certain "longs" think it's only worth getting in if it drops below $1, then I really question their staying power.