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Technology Stocks : p-com (pcms) -- Ignore unavailable to you. Want to Upgrade?

To: David K. who wrote (991)	1/22/1999 2:12:00 AM
From: synchro	Read Replies (1) \| Respond to of 1461

I've been following this thread with some amusement. Here is my version of how the tape was painted: First, Winstar and Teligent started to show some life bouncing from the dead. Once these wireless stocks start to jerk in momentum, people w/ some braincells start to think, "gee, wireless telecomms buy wireless equipment..." Bingo, next thing you know, P-Com is resurrected from the grave bouncing from the non-marginable $3 to the marginable >=$5. Once it passes the $5 mark, it's a matter of time before all these geniuses sitting in front of their computers w/ an internet connection dusts off their moving-average charts from Yahoo or MS-Investor or whatever and ring up their on-line brokers. Pretty soon, the mo-mo crowd, fresh from victories in Yahoo/Amazon-land, start to marvel to one another about this P-COM chart. Then, of course, the obgligatory "buy-out" rumor headlines start to show up in anonymous chatrooms and boards. At this stage, things take on a life of its own, with no one wondering whether a tripling of market value in a matter of days makes any sense at all. But then why think nowadays when before the next thought materializes, one has already made more money in one day than a two-week paycheck? You gotta love this bubble.