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

To: AJ Berger who wrote (1214)7/8/1999 12:39:00 PM
From: Keith Lenart  Respond to of 3376
 
I really don't like the way MCOM is trading on low volume, and don't expect shorts will make money today.

I agree. The price hasn't budged at all even though volume really dried up during the lunch hour. It makes me think that the next move will be upwards, likely testing the day's high and possibly pushing through even further. jmho.



To: AJ Berger who wrote (1214)7/8/1999 12:39:00 PM
From: rrufff  Read Replies (2) | Respond to of 3376
 
I agree and as I've said, I wouldn't have the guts to short something with a rapidly decreasing public float. Puts ok but they are wicked expensive obviously.

This is a case where you can be "right" ie overvalued like AOL and Yahoo, but broke. Looks like it's going to blow to high 50's possibly today.


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