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


To: Harley Morgan who wrote (1591)7/27/1999 5:14:00 PM
From: vibaby  Respond to of 3376
 
you're hard to impress!



To: Harley Morgan who wrote (1591)7/27/1999 5:56:00 PM
From: ynot  Read Replies (1) | Respond to of 3376
 
$24 is the number i see when looking at the candlesticks for MCOM
it is about halfway down the largest white (positive) independent candle...this is a theoretical resistance area where bull/bears would be 'balanced'

nothing comes to mind other than $8 seemed decent to bulls a while ago and $12 was the moon, everything is relative
my best guess is down

good luck
ynot :)



To: Harley Morgan who wrote (1591)7/27/1999 8:21:00 PM
From: Peter H. Hodge  Read Replies (1) | Respond to of 3376
 
I agree that today's action was in sympathy with the overall market. Interestingly, MCOM held its own towards the end of the day when YHOO and the other inets were tanking. It is likely that today's IBD interview on MCOM also was instrumental in bringing in new longs today. But I wonder what they will do tomorrow when the price starts back on its decline and they have some time to do ANY dd on this overpriced stock?

I too was not impressed with the close and kept my short position intact.