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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: STEVE who wrote (39390)2/16/2000 2:09:00 PM
From: Danny  Read Replies (1) of 45548
 
Steve:

It's clear that the street is betting on PALM shares
opens at stays at mid 30 level at this point (assume
of course, COMS would eventually go back to mid 20 level
after spin-off).

The reason we are not at 100 at this point is that there
is always a risk for PALM to
1:) delay its IPO due to market condition.
2:) Not doing that well after IPO.

As we getting closer to the IPO date and 2-3 weeks
right after IPO, expect high volatility on COMS.
In a sense, this is traded like an IPO stock, ie,
it could gain 30% or lose 30% at any given day.

I will hold my COMS just for the sake of long term
potential of PALM. If you look at last year's good IPOs
like JNPR (which I have hold since it first day) and SCMR,
they all went through a crazy up-and-down period, but
in the end, they are all siginificantly higher!
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