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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (9838)8/9/2000 7:13:43 PM
From: Ilaine  Read Replies (1) of 436258
 
I've been following Ricochet for a while, as a product, not as an investment. Just took a closer look, WCOM owns 38% of MCOM, Paul Allen owns 49%. They are presently building out the necessary infrastructure in a couple dozen metro areas, and they aren't making any money right now. But the technology seems to work.

I don't know if I'd short *any* wireless internet stocks right now, but some of these stocks swing so wildly that I've been thinking about puts. But MCOM is already down a lot, from around 110 to around 35, and doesn't show signs of going much lower. So not only is the guy foolish for the home equity loan, his timing sux.<g>
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