METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0155

+53.5%

Jan 2 3:59 PM EST

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To: StaggerLee who wrote (577)	12/18/1997 9:44:00 AM
From: Tim Kenney	of 3376

>I'm thinking of shorting more. Revenues are growing at a snail's pace. Losses are accellerating. Cash is evaporating. It's at $11 now; nothing has changed from when it was at $5, except the Paul Allen effect which has already lost a third of its luster. The way I see it, there's no way the Richochet becomes widely accepted without some pretty massive dilution first.< Stagger, you are probably right, but given the craziness of this market, anything can happen. Certainly the fact that Paul Allen has stepped up can only be deemed a positive. It certainly did not justify the huge run to 18 or even 13 for that matter, but some increase in price from the depths was justified. I'll be keeping my eye on it.

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