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

To: Jane4IceCream who wrote (2804)	11/30/2000 9:01:39 AM
From: rrufff	Read Replies (2) \| Respond to of 3376

With respect to the company, Jane, I agree. The company has not been stellar in defending its currency. Again, just as the bull market rewarded mediocrity in management, the bear market is making managers look worse than they may really be LOL. As for communication on the boards, the FUD sters have done a great job of communicating. As I've posted, it's not news that MCOM, COVD, RTHM, etc., need money to finish their business plan. It's not news that the stock price is down and that it's almost impossible to raise money today unless you go to a guy with a dark shirt and a light tie. (I know many of those guys and they always have money LOL. In fact, they always come through even in non-monetary matters. Are you listening FUD ster LOL?) Anyway, the bear market is here, it's real and even amateurs are making money. MCOM and everything else will open lower today. Will longs panic and sell at the bottom? That is the key. MCOM business plan isn't to go bankrupt. It didn't when everyone was predicting in when I first invested at $5 and it's not happening today. I'm prepared to buy a lot more depending on how low it goes. In fact, today is a good day to pick up the COVD's, LU cents, etc. They're not dot.coms. They have structure, they have product, they have service. They have bad management that got greedy by lucking out in the bull market, just as many of us longs did. I like the ones that have made the management changes, e.g. LU and COVD. (Isn't it amazing when you look at the management packages of those at the companies I mention. Many of their "retired" maanagers could almost buy the entire float of their ex companies with the money that they siphoned off at the top.) MCOM = Paul Allen ain't dumping this one. There is one thing that is important to him and his surrogates and that is credibility. The FUD sters don't know about this. They can come on these boards and spin and bash with an intent to manipulate (see, e.g. SEC 10(b)-5 and regs thereunder). The market will change. Markets don't go straight up or down. At some point, PA and surrogates will need money from the public. The bigger picture is that no way will PA sacrifice his credibility by admitting his wireless world is a bust. One year from now, MCOM will be (pick a number) 2x, 4x, 8X, 20X from today's price. These are possibilities. I've stuck with this one when things looked worse than they do today. Why? Because I believe that PA and associates have shown that this one is essential to his Wireless World and that he is going to do whatever it takes to make it work and be successful. If it is, he's in line to be Numero Uno Rich Guy overtaking Gates and Ellison. Those who work for him know their futures are on the line. They've been dumping losers but adding to ones that are important, e.g., MCOM and HSAC. Can it go down much more? That depends on how you look at it. If you don't have your life savings in it, it can only go down another 6-7 some points. It can go up by 20,40,80, 100 points. I like those odds. Better than Vegas. Real key here is whether the longs will sell wildly as many often do at the bottom. I held at the top so it's easy to get mired in FUD and hype. The lemmings of our guru wanna bees will hold and sell at the bottom too. Oh yeah and check out PRKR for a great short. I've been on that one since it was P&D'd by our friends.