Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jane4IceCream who wrote (3116)	2/11/2001 9:50:08 PM
From: rrufff	Read Replies (1) \| Respond to of 3376

Jane, May be in love but not in lust. I've hedged enough to take care of myself. That's not the point. Posters here all claim to be right all the time. It's the nature of the SI beast, I guess. Anyway, I think you are right to a degree. From what I've read PA has always diversified as any good billionaire should. However, he is still committed to his wireless world concept. In fact, one of the issues you mention HSAC, just got another $75 million from him on favorable terms, actually equity conversion above market, which is very rare. (See HSAC, news and threads.) I don't really follow Charter, but I don't think they are in financial trouble. As for the share price, I don't disagree as far as institutions taking new positions right now. I think that issue will take care of itself over time. If the product works and sells, then we see a 10-20 bagger from here. I'm not talking about tomorrow. I have a trading portfolio and a longer term one as I suspect you do. Short term the shorts and the short interest controls this stock. Stock price is determined by supply and demand. With 60-70% short at this point, and the stock priced for bankruptcy, I feel that the next major move will be up. I believe that this can happen if only one of the following events happen: a) shorts start to take profits as good traders should b) longs pull stock into cash accounts now that no buying power, causing forced buy-in for profitable shorts c)positive spin on sub numbers (PR and ads just starting, several announcements over past few days) d)positive news on new partners OR e)financing. Short term - of course, it could go lower. The momentum is there and the market for techs is atrocious. However, the move has been made. I think after a few margin sellers, it goes up short term, particularly if the shorts can't hold ranks. Long term - from what I've read and from experts I've talked to - this works and could be a major player, way ahead of 3G and other web browser technologies. So again - I only lust after women or investments with better numbers, if you get my drift LOL. But this one I like both short and long term. Again, wouldn't want to be short. Might get another point or so, but could see major losses for shorts if it goes up to 10 or 15 near term. (I evaluate my positions every night. What I paid or profit or loss is irrelevant. I'm from the "what have you done for me today?" school of investing. Anyone can show profits after the fact or in private rooms.) Caveat - been wrong before and may be wrong again. Don't qualify for SI "110% correct" club or "privates" room. But I do hedge. In fact, made a great trade on the FEB 10's puts 2 days before the CC. I may be in love but I'm not stupid. I draft a mean prenuptial agreement. Have a good week.