3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-58.1%

Nov 14 9:30 AM EST

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To: Bob Kimball who wrote (14921)	3/25/1998 12:18:00 PM
From: Pancho Villa	Read Replies (1) of 45548

Yes, people should not take the side of the stock they take too personally. Me, I got tired of waiting. I dumped 3/4 of my position at the open at 36 11/16. Pancho FWIW, I made quite a bit of money trading COMS from the long side buying COMS and USRX on the dumps the spring of 97, selling in July 97 at 56+, then rebuying I believe in August at around 45-46, dumping again at 52+ in September.... BUT on this last one I was screwed up all the way. My cost basis was appx. equal chunks at: 47, 43, 38, 36, 32.... You win some you loose some. In this last trade I lost. Long term (more than a year or more away) the company may be fine but I am still very concerned about Asia and an overall world economy slowdown. I may be wrong. I am keeping a few shares (about 3% of my portfolio). Who knows, for all I know the stock may reach 40 before March is over. I was just thankful that courtesy of this crazy market I took just a bit more than $1/2/share loss from yesterdays close!

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