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Technology Stocks : Metro One Telecommunications--MTON

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To: Doug R who wrote (208)11/1/1997 1:27:00 PM
From: Eric Van Buskirk  Read Replies (2) of 608
 
<<irrationally exuberant limb with MTON>> Isn't it difficult to say what might happen to this incredibly dynamic industry 2 years from now? Why can't some major players come in and take away MTON's business? MTON is a good chunk of my portfolio, but my "speculating" only goes so far when looking for super high growth.

Doug, to me this is the perfect example of why I don't see how TA can be rellied on so heavily for a stock like this. The wireless industry is like watching the evolution of ape to man in a 3 year period. How can the way MTON performed historically do more than shed a big glimmer of ligt on the future earnings? What kind of catacalysmic (sp?) force might throw all TA out the window sometime in the next 2 years.

Again, I have learned from you that a super TA can outperform big
time-- and have made a lot of money in the process (or should I say "not lost a lot" since my holdings where attitude stocks when the market tanked over the past 2 wks). I just don't see how TA can be such a finely tuned indicator.

Eagerly Awaiting Your Responce,
EVB
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