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: Dwight E. Karlsen who wrote (12144)	12/11/1997 11:14:00 PM
From: Mang Cheng	Read Replies (3) of 45548

Right, I think holding a short position on coms right now is quite dangerous. Just look at a coms chart - the up channel is perfectly intact even after two MASSACRE days in high-tech. The chance for it to break out to $38 short term is at least 60%. That's not a good odd to hold for a short at all. I would jump into a short position if coms break-down thro' 33 1/2 - then it may go to $25. I don't think you and Craig are very experienced short sellers, neither am I a very experienced longs - or else I won't be left holding this bag <Ha ! Ha! Ha!> But I learn something new everyday ! Mang

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