METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00520

-13.3%

Dec 1 3:02 PM EST

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To: mike cobble who wrote (2802)	11/30/2000 9:36:02 AM
From: John Curtis	Read Replies (1) of 3376

LOL! Urmmm....maybe I shouldn't be laughing, ahem. Anyway, between yesterdays S&P news which really amounts to leading the market by following it (why is it these days 9 tenths of the analytical community is so far behind the curve? Is market education that lacking out there? Heh!), and todays seemingly endless number of downgrades....well...me thinks it could be another bad day for MCOM, and the market in general (can we say sub 2500 on the NAZ toot sweet?). And I wouldn't hope for short covering doing all that much for maintaining positive pressure. A basic operational tactic which should always be employed, regardless of if you're long or short, is to take partial profits at targeted points on the way up/down. That way you don't get caught holding the bag once whatever you're following turns. My guess is pro shorts have been doing this all along, particularly here in the month of November, and probably hold less than 25% of the position they may have established at higher levels. Or maybe I'm just projecting again. Heh! Even so...todays the day to watch MCOM carefully. All bad news is out. The stock has been hammered, bludgeoned and thoroughly routed, and todays probably the worst day against which any continuance of downward pressure may apply. So how it performs today may give a clue for the next 6 months.... So it goes....this is just gamesmanship at work. Speaking of games...now let's see how todays downgrades, general economic slowing, etc., effect things..... John~

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