METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0165

-8.3%

Dec 12 9:30 AM EST

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To: rrufff who wrote (2622)	11/16/2000 12:51:23 PM
From: John Curtis	of 3376

Yup, today the pattern has been violated. ;-) It's been pretty much a 45 degree downward angle since todays open. BUT, the undercut/hammer of the bid pattern on almost every up tick remains the same, although the former large block "waves" of selling have declined by a substantial factor. Indeed, the selling seems almost leisurely. But because buying continues to be anemic any tactical moves by those short, or any "retail" selling, has the effect of creating negative pressure on this equity. Additionally, this looks to be the 3rd time since mid-October that this equity has first plateau'ed, and then resumed following the decline line. Right now it looks like the market's trying to move it back to that very point. So I think we'll see it stay to the negative angle until the political situation gets resolved, wherein we should get some sort of bounce. However, the market these days is all about "show me the money," so until MCOM management affirms all the recent news by showing increases in subscribers, etc.....well....$18 will probably be a tough one to crack; thus allowing for continued mischief to occur. IMHO, of course. John~

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