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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: iceburg who wrote (12458)	11/13/1997 7:19:00 PM
From: craig crawford	of 29386

<< Awesome call on 3COM. What tipped you off and where did/would you cover? >> My guardian angel tipped me off <g> Do you really want me to go into detail on this thread? Several reasons... I covered this morning and did some intra-day shorting for myself and clients at different prices so it would be confusing to go into details. Suffice it to say that I expect COMS to go lower still and am hoping for a nice rally in the market tomorrow to short a bunch more. Be aware that my opinion is subject to change at any minute though. I am looking for 24-25 for COMS and at least 28 near-term. One week ago Nov 35 puts (Symbol: THQWG) were at 3/16. They could be sold for over $6 today. Nice chunk of change eh? You could have bought those same puts for $3 yesterday AFTER 3Com was down 2 at around 33 and still doubled your $ overnight.

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