METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00500

-50.0%

Nov 14 9:30 AM EST

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To: rrufff who wrote (1106)	6/30/1999 3:53:00 PM
From: Tom Scozzafava	Read Replies (1) of 3376

I really don't put a lot of faith in technical analysis per se (as it really is, in my opinion, nothing more than an indication of fundamentals and the perception of fundamentals), but I like the way MCOM has been trading over the last few days: trading very similarly to the way it was before the announcement, which was consistently more buyers than sellers at significantly higher volume. There seems to be a shaking out of the long-term holders (who want out) and any residual short interest. I think there's a nice and steady rise from here. Those short the stock, I think you may be in trouble for a while anyway. My end-of-summer price target is $30-$35.

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