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: Eric who wrote (10216)	11/13/1997 4:47:00 PM
From: AreWeThereYet	Read Replies (2) of 45548

Eric, yes COMS is oversold but I don't believe the selling is over, let see if COMS will hold next week. Traditionally, COMS rarely trade below $35 since mid-1995. So long term remains bullish. I didn't sell it at 40 so I will keep it for now. COMS is a steal at $30 even if current FY only has $2.00 EPS, I may consider buy more if it will dip to $25 (same magic number as GTW :o)... Since Nov 5th, more than 107M shares of COMS changed hands and price dropped from 45 to 30 (33%). IMO Shorts should begins covering unless more bad news. Good Luck aC

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