METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00600

-33.3%

Nov 21 9:30 AM EST

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To: Lionel Parker Perkins III who wrote (1224)	7/9/1999 12:46:00 AM
From: tsunami	Read Replies (2) of 3376

Lionel, I don't think MCOM is trading on a valuation basis anymore. It is a short squeeze appreciation. Stock went up nearly 400% in 13 trading days. Story is good, names involved with the company are known, there is no short term catalyst for a price drop as the company is not burdened with earnings. All shorts (or at least I am) shooting for is a break in momentum. I shorted MCOM today and got out for a 1 1/4 loss. During the period I was short, I realized it is trading very "tight" for the lack of a better term. Any kind of drop was met with instant buying. I think there is too much pain on the short side right now. The top must be close. I will try again tomorrow. regards, t

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