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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?


To: SIer formerly known as Joe B. who wrote (2071)5/13/1999 12:19:00 PM
From: swot  Read Replies (2) | Respond to of 3896
 
In a nutshell, I was saying that I think it's a little to risky to dump my position at the current level and try to reposition myself at a lower price. When a company conceives a way to revolutionize business as we know it, they've got to move fast in order to stay on top of competition or rivals and to maintain a favorable share of the market. Because I don't know of any other similar situations that have occurred with e-commerce credit approval involving such an advanced system, I have nothing to compare it with. Therefore, any move I make at this point is made strictly on blind faith - not past experience.

I listed off a number of companies that could benefit from this type of platform. Including and not limited to the following Co's:

Home Improvements
Vacuum Cleaning
Department stores that offer credit, such as:
- The Future Shop
- Eatons
- Sears
- Walmart
- Hot Renfrew
- JC Penny's
- The Bay
- Zellers
- etc, etc...

Travel Agencies
Boat Dealers
Car Dealers
RV Dealers
Realtors
Banks
Insurance Co's
Oil Companies, such as:
- Esso
- Exon
- Petro Canada
- Shell
- Bp
- Mobil
- etc, etc...

Furniture Dealers
Cable co's
Utility Co's
Telephone Co's

And then, once the program has been fine tuned and tweaked, a different level of use may come into play. Such as, small business loans, government grants, various funding for other organizations, and the list goes on.

My tendency is to hold on to my position and sell only to cover margin calls. I don't think this stock will drop lower than seven and may find support in the 7.50 - 8.50 range until further news creates an upward momentum. Also, I don't think a NASDAQ listing is necessary to see this stock reach new highs - mind you, it vouldn't hoit.

This is much shorter than what I wrote earlier but I think it sums it up. Again, it's only my opinion.

All the Best
Marty