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


To: rrufff who wrote (1318)7/10/1999 2:10:00 AM
From: Tai Jin  Read Replies (2) | Respond to of 3376
 
I don't really care. You are right about that. I'm in for the long haul and I'm willing to bet you it will hit 60 before it hits 20

I'm not convinced that you are in it for the long haul with that last statement you just made. Why you made that prediction makes no sense to me especially since you just said that you don't care what happens in the short term. It still strikes me as a statement from an insecure investor. Or perhaps you just enjoy a good debate. In any case, you seem to be suggesting that after it goes to 60 it will go to 20. Wouldn't you rather that it first went to 20 and then to 60? I know every other investor would much prefer the latter.

By the way, I've only talked about the short term action of the stock. I never said anything about what the future prospects are for MCOM. In fact, I would agree with you that if their service becomes popular that they should do quite well (I like the idea of wireless anywhere networking). However, I believe that the road to profitability will be a long one. When they have proven that they can be successful then I may even become an investor. But until then, I am shorting the stock because it is going down in the short term. It is unbecoming of an investor like you to be debating this issue.

...tai



To: rrufff who wrote (1318)7/10/1999 2:45:00 AM
From: heronwater  Respond to of 3376
 
I beg your pardon. I was not trashing Paul Allen as much as the investors, who jump mindlessly on a stock because he just happens to have a connection. That was your point by the way, for this over valued stock. Beware shorts Paul Allen is involved. Is that like a magic wand? Take ASYM for example. Up over 100% today on what?

I have a certain respect for Paul Allen, but please go over some of his investments before you judge. And I NEVER said his investment in MCOM was unwise, some did buy in the 50s today. I do believe they overpaid.



To: rrufff who wrote (1318)7/10/1999 4:06:00 PM
From: Eski  Read Replies (2) | Respond to of 3376
 
rrufff, most shorts like myself will not cover this pig till the volume dry's up and see's low 30's. there is one simple fact in this stock market, what go's up fast such as mcom will sooner or later come down even harder, and I don't believe this stock will see 60 period, this baby ran on pure momo and hype, once that dies down which it will real soon, where do you think it's going? if you are in the money I would get out take my profits and buy back later at a cheaper price if you love it so much, because believe me this thing will see 30's if not 20's within a month or less, been around long enough to see crap over and over again.