METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0165

-8.3%

Dec 12 9:30 AM EST

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To: Sir Auric Goldfinger who wrote (2661)	11/21/2000 3:08:40 PM
From: John Curtis	of 3376

That's a nice cut-n-paste, but doesn't tell me anything I don't already know. Basically the pattern of selling altered yesterday, from one wherein I was making some coinage off the intraday movement to one where MCOM starts off getting yanked to the downside by ~6 to 10%, then it gets capped (like now at $11.5) and thus waffles around sideways for the remainder of the day, making it basically useless as a trading vehicle. Today is doing the same as yesterday, with it currently being capped at that aforementioned price......so far. As a matter of fact Island & Archipelago now shows that somebody is capping it with emphasis, as they've just slammed down a 6K sell block at $11.50, which is sizable given the anemic nature of the buying side of the 'ol equation. So today it's clear that's as high as MCOM will be allowed to go.....again...for now. Bottom line? Given these indications I might short a bit at close, just under the assumption these indications are signaling a potential cracking of ~$10 tomorrow, where I'll then cover. It just all depends on how the market handles it between now and ~3:50pm. John~

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