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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: craig crawford who wrote (12567)12/20/1997 12:49:00 AM
From: HammerHead  Read Replies (1) of 45548
 
It is risky to short COMS at this price. It still traded above $31 during the big drop today. Investors will look forward with their rosy glasses. Even MU, the most Asia-related stock, up $3 today. It really impressed me that the stock can jump $3 when the DRAM/SRAM price are deep sliding. NKE up too. It tells me many bargain hunters will jump into COMS from now on, because most sellers already left this stock. I expect to see $35-$40 trading range before its next earnings release. COMS was favored by many institutional investors with its big name tag.
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