METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00520

-13.3%

Dec 1 3:02 PM EST

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To: mike cobble who wrote (2846)	12/5/2000 10:40:01 AM
From: John Curtis	of 3376

Yup. Although I wasn't watching it too closely for having focused on some other more immediate plays, but what I saw of its intraday performance was reminiscent of a style (pop it first thing then bear trap it and afterwards, cap it) I've become loooong familar with where MCOM is concerned. (and I see it's doing much the same thing today although the bid/ask ratio has the appearance of beginning to swing to the buy side...) It says those who've been playing the tactic are comfy playing it still. Which means the games are still "afoot" and probably will be through the end of the year. Perhaps since the "risk reward" aspect of continuing to play the short game have changed (imho) what we're now observing is a shortie rear-guard game of ever so gradually tippy toeing to the exit with profits well in hand, augmented by the probability that the retail side of this game is now firmly in its tax-loss season? This is a WAG of course. One it'll be interesting to see confirmed or no come the next short size volume indication. Even so.....should it trend back to its former low of ~$6, then I'll just have to grab me a traders chunk of it. But for the time being I'm comfy maintaining a large cash position and keep looking for traders plays.. John~

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