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


To: rogermci® who wrote (1418)7/13/1999 4:22:00 PM
From: KellyW  Read Replies (1) | Respond to of 3376
 
Rogermci, I went short today at $40.00. Picked up some October 40 Puts at $11.00. My thinking is that momentum players could keep MCOM jacked up for a few days, but within a month, reality will set in.

I remember 2 years ago when Paul Allen first invested in this issue, the stock popped from about $6.00 to $15.00 or so. Back then, with that hype, it didn't take long to find it's right place at $10.00 and less.

They are a long ways from making a dime, if ever. Just my 2 cents.