If you consider Yahoo Thread a Barometer
I'd be a buyer on Tuesday,
just not at the very open.
most of the rethoric there
is of buying, or shorting
into a pull back and then
going long big time. I would
advise not making any big
bets, since it could go
20% either way assuming the
volume stays above 2mil.
We did have some help Friday
from a web site that liked
MCOM thursday night, and the
relief greenspan/employment
figures rally. There is no
garrentee we'll see that now,
unless Tuesday's press plays
up the Asian rally/recovery.
What seems to attract newbies is
this "wireless internet" concept
and our associating with WCOM.
we all know this is no big deal
as somebody was bound to come
along and plant some serious
coin down on MCOM, and this
fact may be already factored
in to this premium share price
anywhere above $10 that WCOM
is paying. But imagine you didn't
know there was any Wireless
Internet solutions out there till
this week? you'd be throwing money
at this stock as well?! This
volitility is compounded by the
fact that so many big name investors
are holding their positions leaving
us retail investors with so few
shares left to fight over, making
this stock behave just like a small
floater. Despite having a modest
position, I may load up on more
shares should the opportunity
arise in the lower 20's. but
don't be shy to buy higher, just
maybe don't buy as big as you want
to "make up" for not getting it
cheaper. That's always a practice
that can get you into trouble.
Besides, they'll be other ones
like MCOM this month, just keep
your eyes open.
I think the only thing that will
bring the Euphoria down is a good
press story scoffing at how the
stock has run away just on the
WCOM/MCOM news. They'll write
how difficult and long the build
and cash flow will take, and the
competition just over the horizon
yahda yahda, and that will give
many an excuse to take profits,
the daytraders will move on, the
volume will die down, and we'll
probably settle back into the
high teens once more. The lucky
part is, you probably won't see
such press till earning release
on July 15th. Contributing Editors
hate writing new stories when there
are fresh numbers to chew on just
around the corner. So till then,
this sucker will run, rebound, squeeze
and amaze old timers on this thread.
(old timer is defined as anyone who
bought this stock before June'99) |
