3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Nov 26 9:30 AM EST

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To: Steve G. who wrote (11170)	12/2/1997 6:47:00 PM
From: Jason W.	Read Replies (3) of 45548

Steve: Get a grip! The smart money is already bailing out this evening in afterhours trading. COMS is down 5 more points, around 30. Retail investors who don't have access to aftermarket will bail big time tomorrow and COMS will see the same pattern that ASND saw some weeks ago: lots of downgrades and lowered estimates, with a price spiral downward. Where will it stabilize? Nobody knows. If you want to save some of your investment, sell your long position and go short for the next few days. Or at least go short against the box. Why would you want to hold through the coming mess with no reasonable way to determine where the bottom will be and no reasonable way to tell when the problems are coming to an end? IMO, COMS is dead money for AT LEAST the next couple of quarters. COMS didn't stumble; it fell out of a 10 story window and hit the asphalt. And like anybody else that takes that kind of ride, COMS will have to recooperate for a long time before it can start climbing again. There's nothing noble about being an "investor" in a damaged company. All those on the ASND thread know this only tooo well. Better to move on to other investments for now and keep COMS on your watchlist. In any event, Good Luck.

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