3Com Corporation (COMS) Message Board

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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: Holger Johannsen who wrote (10094)	11/12/1997 6:59:00 PM
From: Ron Kline	Read Replies (1) of 45548

Brokerages are notorious to come out and put a company on their best buy list only to turn around and downgrade when the stock price starts to colapse. I had a broker who would put me in these tech stocks only to tell me to sell once the analyst in their firm downgraded. I would get so mad because 2 weeks earlier he would tell me how this great analyst of their firm says to buy it only to then weeks later say we had to sell. If these analysts are so great why can't they ever tell you to sell when the stocks are much higher. I sold coms based mostly on intuition that the techs were down. I never realized coms would come down to this level. This is 15 points lower than my buy price, and I made a good profit by selling. I can't believe that business has gone down that much in the last month to drop the price in half. That's not counting the 80 to 25 move that happened at the beginning of the year. So much for long term investing IMHO. Ron

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