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: Finder who wrote (11330)	12/3/1997 12:20:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 45548

Finder, I at least wasn't predicting mid 20s for today. But to put it bluntly, today's activity only means there are a lot of knife grabbers. Take note from INTC activity the day after they announced last qtrs earnings: The stock gapped down to $86 from $92ish, and traded throughout the day on very heavy volume, actually ending the day higher than it opened. But as the ensuing days showed, those people who bought the approx 65 million shares were probably regretting it. Today INTC trades at ~76. That means 650 million dollars lost, if those people that bought at the gap-down to 86 are still holding. At any rate, I can't see any good news on COMS. I took a 6-1/8 pt hit when I sold today. However, I did decide to load up on some puts. If I can't make it long, then maybe I'll have better luck short (synthetically). DK

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