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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: Andre Williamson who wrote (33852)9/12/1999 5:02:00 PM
From: KyrosL  Read Replies (2) of 45548
 
Andre, regarding prudent investing and putting most of your eggs in one basket, it all depends on the basket. I would never put most of my stock play money on a high P/E stock, because if the market tanks, high p/e stocks will almost certainly tank with it. But COMS is so beat down that downside risk is minimal. I can see COMS doubling or even tripling over the next year, easily. I can't see it going much below $20, no matter what the market does (short of a new great depression). So, personally, I feel quite comfortable with most of my stock play money in COMS.
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