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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Jan 9 9:30 AM EST

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To: Carmine Cammarosano who wrote (10678)11/21/1997 8:39:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 45548
 
Hi Glenn, what do make of the action in 3COM this week? Are you still holding on to the puts you sold? Carmine, I still have not close puts that are deep in the money. I also sold additional puts further out with a strike of 30. I am holding as many shares as my assets will permit based on loss capital due to being heavy in COMS, ASND, INSS and WDC. The capital loss has not been pretty. I honestly have no idea what to make of the recent price action in COMS. I feel it is oversold but the days of $60 are not in sight. I am hoping for $50 by spring. That is optimistic. I feel the market is scared of the networkers due to SEA. That was where I anticipated additional growth to begin. I love to hear any thought you have. Glenn
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