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

To: rogermci® who wrote (1196)	7/7/1999 6:04:00 PM
From: Keith Lenart	Read Replies (1) \| Respond to of 3376

$3.4 billion in market cap for $15 million in sales. Well its market cap was only $2.2B when I first called it overvalued -- so what do I know? ;-) I've been short and stopped out three times now and I didn't like today's action at all! I thought this sucker was going to finally start its correction today when it fell rapidly from 44 to 36. (This should have been a major reversal day.) Instead, it turned around and strongly ran back up to its high! I'm through messing with MCOM until the volume drops to more reasonable levels. Traders are simply squeezing the shorts right now (effectively, I might add.) Let them take it up to $6B or $10B if they want, I'm patient.