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

To: rrufff who wrote (1345)	7/10/1999 5:05:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 3376

other miscellaneous garbageous data, most of which would have no empirical verification I'm not a big fan of TA, but I do understand that if enough people (and there're many) believe in it and use them as guidance for trading, then the outcomes will be influenced by these sets of "rules". They're not governed by scientific theories, purely a psychological factor which results in a powerful empirical correlation. The trading volume last week was excessively high, and I bet 90% of those trading decisions had nothing to do with the fundamentals of the company. Many daytraders don't even know what this company is all about. It's known to them by a four letter symbol that's just another trading vehicle. Just buy when it goes up, sell when the momentum is gone. The very impetus that propelled the stock is now reversing to push it down. Tom