Metro One Telecommunications--MTON Message Board

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Technology Stocks : Metro One Telecommunications--MTON

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To: advinfo who wrote (554)	3/13/1999 7:10:00 AM
From: ChrisJP	of 608

Hi Northstar, Well the fact that we didn't hold $14 and continued the down trend is not a good sign. There is more going on than just normal buying and selling stochastics. I'm hoping that Friday's action was the MMs managing to get the stop losses at $12.50 because the volume went nuts after it broke that threshhold and when it was all done, the stock was back above $12.50. So maybe now we've hit bottom and MTON can start running up in advance of their quarterly earning report (late April). With the downgrade from .08 to .06 though, I'm beginning to suspect there is something going on short term that we don't know about. I'm still holding the course, since the last time this stock got dumped, it went from $5 to $19 (I was buying in the $7 - $8 range)! Maybe this time around it will go from $12 to $30 ! If the selling continues, we may see $10 again, but as long as they're still predicting .60+ for this year and $1+ next year, I'm holding on. Regards, Chris

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