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Technology Stocks : Phone.com [PHCM] -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (251)	8/14/1999 11:07:00 AM
From: xbrent	Read Replies (1) \| Respond to of 1080

PHCM closed up due to a short covering rally with about fifteen minutes to go. Most had assumed that the market would tail off in the last hour. But the DOW and the NASDAQ kept on charging. When that did not happen shorts covered at any price. The most important question is are new longs willing to go in at $100 or better. Short covering only drives a stock for a brief period of time.

To: ynot who wrote (251)	8/14/1999 2:43:00 PM
From: Gary Metzer	Respond to of 1080

Ynot & Thread, Agree that stocks "go both ways". Sold my 100 IPO shares (bot at 16) Thursday at 94 3/4. No need to get greedy. That's almost a 6-bagger in two months. What makes this company 6 times more valuable than two months ago? It's just too far, too fast. Placed a GTC buy at 60 and will buy more if it dips further. Good luck all. Gary