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

To: tuck who wrote (1341)7/10/1999 2:36:00 PM
From: Sherman Chen  Respond to of 3376
 
I agree, this could drift down for a few days, but the long term prospects are very rosy. Short term, Friday's candlestick chart was a classic bearish engulfing pattern, which would indicate the start of a downtrend. Of course, all bets are off if some good news is announced, such as additional partnerships, favorable analyst coverage, etc. I'm staying long with my position which I got at an average of less than 10, but am considering hedging it.



To: tuck who wrote (1341)7/10/1999 7:37:00 PM
From: LTK007  Respond to of 3376
 
Tuck said<<I've been lurking here for some time, and I expect to invest in MCOM in the fall, but
have no position now.>> I think that a is good idea--this stock has made a premature momentum play run---but it is not a bad stock,as I check it out.And come the inevitable Fall in the Fall sell-off for the market in general this should be at a buy price.Good Luck,Max


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