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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Nov 21 9:30 AM EST

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To: allen menglin chen who wrote (13137)1/13/1998 12:47:00 AM
From: craig crawford  Read Replies (1) of 45548
 
<< I'm new to the shorting game and afraid to short COMS at this level >>

Sometimes the trades that look the scariest are the best. People were scared to short ASND at 29 and it went to 22. However I think the market is due for a bounce so I will look forward to shorting COMS after a rally too.

I mean if people haven't figured out that Asia is going to hell in a handbasket and begun to discount that possibility then I'm at a loss for words. As recently as a week ago people were saying Asia was no big deal and had bottomed. Now everyone EXPECTS Asia to tank so there are only surprises to the upside.

What do you know, Asia is bouncing tonight. Every single market is in the black except China. (I hope I don't sound too arrogant but we all know who said China would be one of the last to go and presented some good shorting opportunities).
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