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Technology Stocks : METRICOM - Wireless Data Communications -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (1110)	6/30/1999 8:22:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 3376

I don't see how this can possibly go much higher. Pretty much limited out.

To: AJ Berger who wrote (1110)	7/1/1999 10:42:00 AM
From: rrufff	Read Replies (1) \| Respond to of 3376

Basically, what we all lose sight of is that price of a stock is primarily determined by supply and demand. That may seem elemental but when you analyze what it means you understand. We have internut stocks like Amazon (even after mini crash) trading at almost infinite multiples of PE. Why? Because everyone wants to be part of this great next wave. So, with any profit taking, new holders who want to be part as well as the profit takers come back in. No magic here. I suggest that with Metricom, there clearly is the potential for this type of play. There is very limited supply of stock. The new shares will not be traded. The 13% that we hold is partially held by institutions if I read everything correctly. Consequently, very little supply. Demand is hot but should get much hotter as this rolls out. Very few people know about MCOM. Word of mouth and other PR will change that dramatically. Was this a hot move? Will there be some profit taking? Of course, other than playing today's high for a couple of down points, I wouldn't suggest being short on this. If a real squeeze develops, a short could get totally creamed. There was very high short interest until recently. So - to answer your question. Is the stock price ahead of the game? It's all relative. Key here very little supply and increasing demand. Would you rather be long or short?