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

To: imdchamps who wrote (2684)	11/22/2000 9:24:44 AM
From: John Curtis	Respond to of 3376

No LEAP's, and only a nibble of a long position. I have played this one a lot on an intra-day basis. At least up until two days ago when a pattern I'd been following broke down. But you're right. The smoke and mirrors from both long and short camps has been pretty "smokey" here lately. Particularly over there on that fun-packed Yahoo thread. Heh! Anyway, if there was ever a day for MCOM to break down into the single digits today is that day. The political landscape is a disaster (only because things are STILL undecided). And the telecom sector equally so (LU news and all). In a nutshell the deck is stacked poorly for any short-term long position. And it's lousy from a traders perspective, too. Only the short gambit has a chance right now, and even that is running up against a case of diminishing returns. So right now I'm sitting firmly on my hands. At least...through the first hour, heh! When the entire landscape is nothing but one big roiled set of waters....well....why risk drowning, eh? Now let's see how it unfolds today... John~