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

To: Gone Bonkers who wrote (1198)	7/8/1999 12:10:00 AM
From: rrufff	Respond to of 3376

Even if you are able to short on a day trade, it has to be a narrow almost perfect call on both ends. Assuming your trade is true, and I congratulate you if it is, my point was that for a long term short trade, this would be a foolish stock to short. For someone to expect the typical retrenchment of TA is foolish. With no float, shorts are more likely to get stopped out repeatedly as others have posted here. Bottom line, great if you can perfectly call a 6 or 7 point move, but longs more likely to have moves 3 or 4 times that as we have seen. One could have been timed wrong on the long side and still made a fortune here. Market cap at this point is less important than lack of supply of public shares and increased demand from public and soon to be institutions and brokerage houses and analyst and their followers. I'm not moralizing and saying in an ideal world stocks should not be valued on potential and what may happen in the future. Maybe that's true. But if EBAY, AMZN, etc., etc., can be valued that way, it's not unreasonable for MCOM to be valued as the lead in this technology with a huge potential. Bottom line again, even if values are high, there are very few sellers compared to buyers that will be coming in over the next few months.