Singing Machine Company Inc (MICS)

[NobleRoman]

Definite interest, and I think that would be a great buy. I'm just not going to for completely different reasons. I'd love to if money were not object. Just want to maintain a comfortable margin cushion. I have cash-secured puts, the majority of which don't expire until January. And I'd rather not close them out, because that would just cost me money to do so.

And, I recently bought another 1,000 shares of RMCF at $6.80 and another 10,000 shares of our common experience at IVFH at .25 just because of Pappas, Banderas, and the now disgruntled Denver Smith. And I had bought another 1,000 shares of PCYO after selling MICS, which is $11,000 right there. And bought more penny stock NROM.

So, the first two alone account for all the equity I had here prior with MICS. Plus the extra buys. I love MICS at this price. Just love everything else too. And want to keep a very safe margin cushion. Until one of my dormant volcanoes explodes eventually. Nothing against MICS though. Would love to have it also.

Of course, a drop below $4 would be irresistable and I'd just have to take that risk. Probably could raise that to anything below $5 after tjhis quarter. But, yeah, this price at $8 I think is very fair.