3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 2 9:30 AM EST

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To: STEVE who wrote (43882)	7/14/2000 2:47:22 PM
From: David E. Taylor	Read Replies (2) of 45548

Steve: Well, we're above my near term $40 on PALM/PALMV, but it looks like COMSV isn't going to move yet, maybe not until 7/28. But the way PALM has moved since earnings and particularly this week just emphasizes how PALM has been tethered by the arbitrage situation with COMS. Now that PALM is free to do its own thing, some more short covering or the attention of some mo-mo guys and it could go even more ballistic - $50, $60 aren't out of reach before 7/27. We're in decision land, particularly for my options positions - more of this and we'll be in la-la land, but who's complaining? I'm going to (right now) drop 50% of my options at $75 on COMS (maybe today), the other 50% at $80 if we get there, before things subside otherwise. And I'm going to start selling some PALMV at $45+ until I'm left with a more comfortable core holding for the next year, but I'm going to unload gradually if PALM keeps moving - no more than 25% today if we clear $45. I'd like to see what a weekend does to investor appetite for PALM. COMSV can wait for $20 or after 7/28. Good luck to all of you, and I hope we all manage to make decisions we don't later kick ourselves for. Remember the IPO! David T.

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