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: Bruce L who wrote (10876)	11/28/1997 3:15:00 PM
From: craig crawford	Read Replies (2) of 45548

<< Are you now or have you been in the last 6 or 7 days short on coms? >> I thought I already made that clear. <<It definitely concerns your credibility. >> It shouldn't, but if you say so. << Your posts have suggested that anyone who went long in the past 6 or 7 days was a fool. >> I don't think so. I never called anyone a fool. I said COMS was going to go back below 30 and I was going to win. I said that I thought that some people on this thread were underestimating the problems COMS was facing. << The market action has proven you wrong over this time period. >> No it hasn't. Stocks fluctuate. A week or so ago COMS fluctuated down to 32 3/4. Today it's fluctuating towards the high end of it's range at 36 1/4. I have already said on this thread when I told you I shorted that COMS could go a few points higher. I believe COMS won't go above 40 intraday and won't close above 38. I merely initiated my short position in the 34 range and am ready to short some more if we hit 38. << If what you're saying is that you think coms is a short term short at, say, 37 1/2 then I might eeven agree with you. >> It's a short-term short at 34,35,36,37, and 38. Stocks can easily go from 34 to 36 and then back down to 26. I even told this thread that ASND, WDC, SEG, etc all had little run-ups just before they slid down to the low 20's. I fully expect COMS to do the same.

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