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: Steve G. who wrote (11170)	12/2/1997 6:24:00 PM
From: hitesh puri	Read Replies (3) of 45548

I agree with you completely on this view. The retail investor is still a contrarian indicator. Let me ask how many bought 2 weeks ago (under 30) versus 2 days ago (over 35) ? The majority will lie in the latter and they got burned because they were buying when everything seemed fine and all the good news was out for the short term (Barrons). No one was thinking that the warning has yet to come (everyone knew there was an inventory problem in the channels). They had to wait for the quarter to end. I repeat your point that this was expected and is not out of the blue. This is a very undervalued stock getting extremely undervalued and the Risk/Reward is quite favourable. -hitesh

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