METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0165

-8.3%

Dec 12 3:02 PM EST

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To: mike cobble who wrote (2608)	11/15/2000 4:23:18 PM
From: John Curtis	Read Replies (1) of 3376

Mike: You're right. Despite variations today it basically amounted to more of the same pattern which was a part of MCOM's slide. As we've discussed I've come to expect a yank-down to occur sometime in the final half-hour of the day. I buy at that point, and sell into the pop the following morning. I've now done this......oh.......jeez.....8 times now or more?? Indeed, up until this resurgence I'd typically short the pop and closing out the long position. My only change is although I instituted another long position here at days end today, and fully expect to close it out within 30 minutes of post market open, I won't be looking to institute the shorting half of the bouncing pattern. The waters are too murky and probabilistic for me in that regard. Be that as it may to me this pattern signals, at its essences, MCOM's continued "managed" nature. So if you can't beat it....use it to your advantage. Longer term MCOM will be fine (imho). But for now the powers that be clearly haven't finished with this equity. My bet is you can consider them finished when the market allows MCOM back above $18 on sizable volume. $18? Yah...that's about the point I figure a fair percentage of shorting was established... So far they're in the green. They'll do anything it takes, even a la Democratic Party smear campaign tactics, to keep that gain intact. Now let's see what tomorrow brings... John~

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