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Technology Stocks : Metro One Telecommunications--MTON -- Ignore unavailable to you. Want to Upgrade?

To: Duke who wrote (331)4/30/1998 10:01:00 PM
From: ChrisJP  Respond to of 608
 
Dear Duke,

I tried to buy MTON on the last day it traded below 12. I had a buy order in for 11 1/2 which was just below the bid. That morning the stock shot up to 13. On several occasions, I have seen major purchases of this stock along with other accumulation.

My point is that I'm hoping that this time around there is a lot more institutional investor awareness of this stock. I also get the feeling that it is currently overbought. If so, any buying demand could really fuel MTON's stock price. But I will defer to Doug R. for any real TA.

Last quarter (i.e. Nov & Dec) , all tech stocks were trending down, hence a lack of interest in MTON's financial performance. Telecom related techs are hot right now, so I'm hoping MTON will participate in this trend. We'll see tomorrow.

Regards,
Chris



To: Duke who wrote (331)5/1/1998 9:51:00 AM
From: ChrisJP  Read Replies (1) | Respond to of 608
 
According to the real time service Schwab gives me, it looks like most of the morning activities are buys -- even some of the ones that appear to be at the bid. Ask just moved up 13 3/4 on 74,000 shares so it looks like it might be a good day.

Regards,
Chris

Then again, it might not be -- 13 1/2 on 91,000 shares.


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