METRICOM - Wireless Data Communications Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0150

+25.0%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ynot who wrote (1590)	7/27/1999 5:08:00 PM
From: Harley Morgan	Read Replies (3) of 3376

Any reason why $24 for the next target? I really expected more volume to be generated on broaching the 28 7/8 level. I would not consider the $28 low as a capitulation point because we didn't have any significant volume. Today's action looks more like a sympathy rally with the general market and probably some more short covering and hopefull longs. I did buy on yesterday's action and unloaded on the bounce this morning. I've reentered my short position on the close this afternoon. I'm expecting 4 to 6 million shares to be traded on a capitulation day. Given $28 didn't do it. I believe we must penetrate the 22 level were the advance really took off to get that kind of volume. I'm watching the 28 day ESA (currently at 29 5/16) and 49 day ESA (currently at 23 13/16) to gauge covering positions. I wasn't impressed with today's buying action on the close. Nothing overwhelming. But the market makers seem to pop this one on the open. Any other thoughts?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next