3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-13.3%

Nov 7 11:47 AM EST

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To: Rock who wrote (10824)	11/26/1997 10:51:00 AM
From: Marcel	Read Replies (1) of 45548

<<Don't let this guy fool you - he's the Rush Limbaugh of the stock world - just an entertainer. We can never see his work because thestreet.com doesn't actually trade. We will really never know if he is shorting COMS or not...i think he has got himself in a rut by taking a short position, now the stock seems to be trending up, and he's makeing statements to sway opinion and keep it low so he can make his mock portfolio look good.>> C'mon...these "everyone is out to get us" delusions is symptomatic of beaten down stocks...snap out of it...realize that we are in for a very rough ride and this is the bounce before earnings warning. You know that they are going to have to face up to decreasing margins: --intel on the NIC front --deep discounts on modems to compete with competitors who have very little to lose at this point --high inventory in BOTH modems and NIC's --ergo..slowing sales --dropping port prices on the TCH--especially since ASND & CSCO can be very agressive Moreover, this is a totally different market...there is more risk and PM's aren't gonna award such rich valuations going forward. From a technical standpoint, we are at the high range of this consolidation so I wouldn't get too excited just yet about TRENDING UP.

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