3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 29 9:30 AM EST

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To: Chris who wrote (7345)	8/27/1997 11:40:00 AM
From: Eddie Kim	of 45548

Looks like we've stabilized. Might see a bounce back up today or tommorrow, yet I'm cautious. I sold all my COMS today at 50 7/16. Yes it was a loss, but as I looked around I saw that ASND, CSCO, and BAY were all getting hammered. I knew COMS was next in line. This weakness in COMS is odd since no news came out. My only explanation is that people are beginning to worry about earnings and maybe that people who made nice gains in COMS are pulling out and moving on to small cap stocks. A vague explanation I know. Fundamentally, COMS is looking shaky at this point. I'm not talking about TA, I'm talking about COMS itself. Almost all the recent news is earnings downgrades, lawsuits, K56Flex, modem patents, etc...All negatives in my opinion. As a long term stock I like COMS, yet short term this thing might be heading lower. -Eddie

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