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


To: Kurt T. who wrote (524)12/15/1998 8:08:00 PM
From: ChrisJP  Respond to of 608
 
Hi Kurt,

IMO, MTON was just so overbought and the 11 - 12 range is a point of strong resistance. MTON may trend down into the low - mid 10s if an institution does step up and buy more.

Hopefully, when they announce earnings in Feb and April, it will be the YEAR OF MTON !

Regards,
Chris



To: Kurt T. who wrote (524)12/17/1998 1:07:00 PM
From: ChrisJP  Respond to of 608
 
I'm so pissed !!!!

At 12:30, there was enough selling for the MMs to drop MTON under 10 and trigger a bunch of stop losses (so I assume). It only lasted a few minutes (less than 5), but by the time I saw it, the ask was already back @ 10 1/8 !

So I bought back the 400 shares I sold @ 11 1/2.

When the MMs pulled this trick on APCO earlier this year it was a good sign. Hope it means good news and not bad news for MTON.

Regards,
Chris



To: Kurt T. who wrote (524)12/17/1998 3:39:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 608
 
Well I hope the big volume and relatively large block traded indicate that this was just an MM trick. MTON is now at 10 3/4 so unless there is bad news coming, quite a bargain sale due to those stop losses at $10.

Chris