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

To: AJ Berger who wrote (1495)	7/16/1999 5:24:00 PM
From: rrufff	Read Replies (3) \| Respond to of 3376

All things considered, MCOM acted well today. Very light volume finished just about at the strike price. I felt for the shorts to be convincing it would have to close much lower on much higher volume. With option expiration out of the way, next week will start to be a time for many analysts and venture funds/investors to focus on the future not the past. Shorts had a good time with old news, expected earnings and talking about history. Key factor remains -- VERY LITTLE SUPPLY OF STOCK + INCREASING DEMAND = POTENTIAL FOR HUGE RUNUPS. I'm not arguing with some of the valuation arguments. However, in today's market, MCOM will go to where supply and demand for the stock is. Further, arguing that Paul Allen and MCI somehow paid market value is specious. They are not selling at $35 or $55 or even $455. Smarter people than we have evaluated the MCOM technology and business plan and determined that it is a significant wave of the future. .6 BILLION was put into this company. In fact when you add in Paul Allen's prior investment, the total for the venture capitalists is probably 1 billion. I'm betting on them. They didn't screw the shareholders. They kept this company from going under so that they could and will implement their business plan. Over the next few weeks, months, it will go much higher. I'd even bet next week we will close above where we are. Each new long term investor (analyst, broker, fund) takes away further from the limited supply. This is a stock that one puts away (maybe does a little covered call writing here and there) and is rewarded with a huge gain.