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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: joe who wrote (16064)5/22/1998 5:53:00 PM
From: robert marshall  Read Replies (2) of 45548
 
Joe,
The owner of the stock may want to ride the price down and up again because of tax consequences. A person on the sidelines merely needs to wait this one out for the proper time. In my opinion that will be low 20's or maybe even the teens it is to soon to predict it is probably 30-60 days more of downside. The stock has the feel ASND did when it had bad earnings come out. The trend is definitely down at this time and will continue.

As for the first call post we had similar positive post on the ASND thread all the way down. Once these stocks start to drop their is no understanding why. The market begins to dislike them and the buyers go away.

The no direction for Wall Street post back about 7 or 8 post ago says it all ASND dropped because there was no visibility (future earnings forecast) that was believable from management until a new CFO was hired and gave Wall Street the visibility they wanted and ASND's stock price rose. COMS needs to give Wall Street guidance but they are not probably because the guidance would not be favorable. But not saying anything only pressures the stock downward more. Believe me I lived through it and it is happening here. If tax consequences are not a problem get out now and re-enter later
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