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


To: Anthony@Pacific who wrote (2787)11/29/2000 7:27:32 PM
From: rrufff  Respond to of 3376
 
It's real brave of you to come out now ex post facto and tell us you're short at higher levels. I've no beef with you. However, every dog has his day. Enjoy it while you can.

You've seen the lows and highs, in both life and in the market. Things are not always rosey and not always awful. I wonder why, after all you've witnessed and been through, you feel the need to come over and boast after the fact.

In fact, this is quite similar to some of your supposed buddies piling on when things were the worst for you. Look around at those who surround you. You may have some surprises as you have had in the past.

As I said, I've no beef with you. If you made money and if you made a call, fine. In fact, I have to admire some of the calls that you and your "associates" have made. I also admire those who have made calls and acted on them. Sometimes I see how things will go and I let my feeling stand in the way, a bad trait in trading. But at least I know the disease. That's always the first step to a cure.

However, I have a beef with those who spew FUD, just as I do with pumpers and dumpers. I've made some good money shorting PRKR on what I see as a classic P&D. How about you? Did you have that one short?

I also have a beef with those who, out of ego problems, or to build up reputations or clientele, or just plain lack of courage, claim to profit on every trade, or at least every revealed trade.

So - where do we stand. I know I've reassessed my attitude and my trading. I've lost money on this and on others. Remember QTEK? No big deal on any of them. I only invest what I can afford to lose. I have a full time job. I diversify and I hedge. I originally bought MCOM at 5. It was supposedly one step away from bankruptcy then. Believe me though, that's no consolation for me as I held most of my position after it topped. Shame on me. I'm very upset with myself for that. But I don't stay awake and froth over it. It's over, it's done. Tomorrow is another day. Thank goodness. (Although tomorrow looks like another bad day. LOL) That's the game though. Hopefully, I learn from my mistakes. I believe I have.

I still have confidence in this company. I may be wrong but at this price it seems to me to be worth speculative money. There is a need. There is a market. I have a problem with management not taking a more active role in defending its currency. Because of that, you see the reaction today to really old news from a respected source. There was no surprise in the "news". If you really think Paul Allen is going to allow this to go under, then we really are on different wavelengths. Again, I won't say you're not entitled to your opinion.

But that's not why you came over here. You didn't come over to debate the merits. You came over here with an agenda.

I think you may need further re-assessment of your attitude. I wish you Good luck.



To: Anthony@Pacific who wrote (2787)12/1/2000 5:18:23 PM
From: rrufff  Read Replies (1) | Respond to of 3376
 
Anthony, I admire the way you always handle yourself. You came back from your "sabatical" as you call it a changed man. You are not the chubby, blowhard, braggard, venom spewing individual who left us.

I wanted to thank you for appearing on this thread and hope you read my previous post to you. I meant it. I really have no beef with you.

From your appearance here at the very bottom when things looked the bleakest for MCOM, it has had two of the greatest reversal days of any stock I have seen. The market still sucks from a long perspective. Shorts are still in control. However, this is changing. MCOM bucked the market and the best is yet to come.

I was personally encouraged to do my part and load up at the bottom. Thank you again!!!!. Several successful trades on this and a couple of others enabled me to replenish the cash hoard and look forward to next week and the week after when we can see some real action.

So I congratulate you again for calling a bottom and appearing here to tell us about it. Your prestige and enigmatic presence probably was singularly responsible for the turn around. This has been a great week. You can add one more trophy to your successful career. Calling this one perfect at the bottom was just unbelievable.

I can make more money in a down market than a bull market. It's a question of allocation and diversification.

My PRKR short has worked out incredibly the past few days.

As I said before to you, we all have our winners and losers. When we rub it in to others on good days, we have to expect to get it back on bad days. That's why I admire your new attitude. Make calls, act, be factual and don't look back.

As an aside, I do want to reiterate as I did in my previous post to you, that there are some with whom you hang who may not necessarily be your friends. Many SI people respect you and follow you when you make good picks, give good reasons and are respectful to others even if they disagree with your thinking. Some of your advice on trading is simply incredulous and extremely helpful. However, there are others who hang on your coattails, who are known to be notorious bullies, who attempt to intimidate and manipulate. Do you really want to have to depend on them?

Remember - he who is a crook will stab you in the back when you're not looking. You've learned this lesson since you've come back. My guess is that Brutus still lurks in Caesar's tent.

Good luck.