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

To: Ross who wrote (593)	1/1/1998 2:32:00 PM
From: Brett Nelson	Read Replies (1) \| Respond to of 3376

Ross - I would tend to agree with you on the technicals. On Tuesday, MCOM traded below its 200 day moving average intra-day but managed to close back above it by days end. Moreover, Wednesday's strong finish was constructive. What would tip the scales for me would be a close above 9.625 (the stock twice retraced to this level in early October. Since this level acted as support then, it may well act as resistance now). If the stock can close above 9.625 on Friday, I think a run to 12 short term is very possible (I am considering a position in the Jan 10 calls). On the fundamental side, has anyone heard about a potential investment from ATT in January?