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Technology Stocks : 3Com Corporation (COMS)
COMS 0.002100.0%Dec 24 4:00 PM EST

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To: craig crawford who wrote (10660)11/21/1997 3:43:00 PM
From: Bruce L  Read Replies (2) of 45548
 
To: Craig Crawford
From : Bruce L
Re: Losing Objectivity

Craig: Others have already noticed it: You've lost objectivity regarding this stock. It has seemingly become a matter of personal pride with you that COMS go down. You grab at various "facts" to prove yourpoint in an almost desperate wish that it will be so.
I could argue these facts - as others have done - but it seems to me that this largely irrelevent. The FACT is that COMS just does not want to go down. In the past 3 weeks there were lots of "facts " coming out that should have boosted the stock. It went down. Now, we're getting lots of negatives - earnings & brokerage reductions - that should have objectively speaking have sunk this stock . But look today ; it's up and acting much better than CSCO.
I've said it before: COMS is basing and the way I look at it , it is a classic case. You say that COMS will tank if earnings come in aat .20. Granted. But I would point out to you that the stock is NOT acting as though the earnings will be .20. Remember that there are people out there who DO know what the earnings are going to be. Good luck and lok to yourself.
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