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

To: rrufff who wrote (1309)7/10/1999 12:42:00 AM
From: Tom Hua  Read Replies (1) | Respond to of 3376
 
The shorts have come on strong and will get totally squeezed next week.

LOL, I trust you know how daytraders and momo players play the game. Buy on the way up. Sell/sell short when the uptrend is broken, and in MCOM's case, broken decisively today. The equivalent of the float churns about once a day this week. Forget any talks about long term, long term with this kind of trading volume means 30 minutes. My guess is MCOM will settle around 20 when volume returns to normal.



To: rrufff who wrote (1309)7/10/1999 12:44:00 AM
From: heronwater  Respond to of 3376
 
THAT may or may not be partially true. Many shorts have already taken their profits on Friday, just waiting for a possible gap up on a Monday to reshort. Fact is, after such a runup in the stock, longs are profit taking too. Human nature to take the money and run.


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