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

To: who cares? who wrote (2768)	11/28/2000 4:30:43 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 3376

No, that's just one of our resident shorts getting quoted. Surprising that Forbes would even quote a pipsqueak like him, much less someone with such a disreputable history (of using internet threads to post false and misleading information about companies). Waste of paper. But given the heavy short position leaning against the stock, the shorts are calling in all favors right now in an attempt to scare up some more sellers. Yawn.

To: who cares? who wrote (2768)	11/28/2000 4:44:27 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 3376

<<If this thing has a big short position, and they haven't covered as completely smooshed as it is, well that might tell ya something.>> It tells me that the shorts are overextended, probably more than the 4.3M we had through 11/10. The shorts are taking advantage of a dearth of buyers, to walk it down. They've had to short more and more on the big pushes the last two weeks. Wouldn't surprise me if it was over 5M short right now. Also, re: your comment: <<It looks like Forbes changed their mind on MCOM.>>, we've seen the Forbes tech editors do a flip-flop before, from misinformed to properly informed; this little one-liner from Stevie re: 'running out of money' was slipped in through another avenue. There was also no backing up whether the service will/won't sell, or whether PA/WCOM are likely investors to finish what they started. Just a bogus call, complete FUD. I pity the people whose money this fellow manages, he's just a gunslinging short without one whit of solid analysis. Shorts are ruling the market now, so he looks right. Shorts haven't covered, yet, though, so they'd better be careful about counting their paper profits too soon.