METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00700

0.0%

Dec 5 9:30 AM EST

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To: rrufff who wrote (2762)	11/28/2000 10:35:19 AM
From: John Curtis	Read Replies (1) of 3376

LOL!! Yah, really. Anyway, I'm still holding for the time being. Why? Well, despite the fact MCOM started off with a 8-10% downside yank as opposed to waiting until after ~45 minutes have elapsed (think someone is reading our conversation? Heh!), ~250K shares have ziggied through on the buy side during that same yank-down period. And this is something not seen in some time. Soooo...this means either short covering, which is belied by recent numbers, or the market is beginning to swing in its opinion? It's a guess either way. But be mindful...the bid/ask ratio has the look of swinging towards the buy side, although it could be transitory. One thing is certain. Although volume started off large, it's tapering off. And MCOM has the appearance of doing what has become typical for it after every early morning ~10% yank-down. And that is it just lays where it "plops," for the remainder of the day. If this indeed becomes the case I'll make an exit decision by noon. Meanwhile..... John~

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