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: Glenn D. Rudolph who wrote (10685)	11/21/1997 8:52:00 PM
From: Carmine Cammarosano	Read Replies (1) of 45548

It seems to me that you do not have to close your puts on 3COM yet...and if they put it to you then you can sell you shares for a lost at that time, if you have to...I think with a little more upward movement on the stock, you should be able to roll the puts out and down in strike price for a credit...buying the puts back can be a mistake because you are paying for a time premium, unless, of course you think 3COM will sink...3COM's action this week tells me the worst is behind it...of course no one knows for sure...the news(earnings cut) did not hurt the stock...whenever I see a stock act well with bad news, I am very encouraged...also, lower expectations for future earnings is alway welcomed...in the long run(Spring time) this will pay off big time...hang in there....

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