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


To: Keith Lenart who wrote (1129)7/2/1999 8:01:00 PM
From: rogermci®  Read Replies (1) | Respond to of 3376
 
My sentiments exactly...I'll be taking a closer look on any strength Tuesday. I felt this was a steal at 10, but at 28 it discounts a lot of good news. Hope it gets pumped further on Tuesday.

roger



To: Keith Lenart who wrote (1129)7/2/1999 11:58:00 PM
From: Sherman Chen  Read Replies (2) | Respond to of 3376
 
The partnership with WCOM is not exclusive, there could be other partnerships announced any day, JMHO. The nationwide network will be built out over the next couple of years, and revenues should start to ramp up. Of course they had big losses over the past few years as they built out their network and developed R2. Analysts will start coverage soon, also JMHO, and earnings estimates will be made as service spreads to all major metropolitan areas in the U.S. I am a Richochet user, and I love it. I think others will too, as it spreads all over the country, and maybe beyond.

Posted using Richochet with my notebook while sitting on the living room couch watching the Giants-Dodgers game.



To: Keith Lenart who wrote (1129)7/4/1999 4:29:00 PM
From: rrufff  Read Replies (1) | Respond to of 3376
 
With all due respects, you are basically talking apples and oranges. The company is brand new at this point. The 60 million potential shares will not be sold likely ever. So the float remains very minor 13% of the company with less and less being left in public hands.

From speaking with brokers, it appears that institutions are racing to beat analysts who will be following this. That, together with some short covering, has been responsible for some of the rise.

Sure, there will be some back tracking. For awhile though, I think that institutions and brokers will be jumping in, particularly if there is a move down of 4 points as many stop losses placed there.

If buy points are not hit, tendency has been to jump in and compete with the scared shorts.

Good luck.