3Com Corporation (COMS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

+1,200.1%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eddie Kim who wrote (16407)	5/30/1998 11:28:00 AM
From: Wayners	Read Replies (2) of 45548

Well whoever was accumulating at the end of the day at $27 certainly had a lot of bucks to throw around. I don't know too many amateurs that have enough money to buy 5,000 share blocks of COMS one after another after another. Its my belief that this market is dominated and thus the short term price moves, by professional traders. I almost feel like its a conspiracy whereby the media tries to make everybody believe that the professionals are mostly buy and hold to get the amateurs to buy and hold when in reality the professionals are trading like crazy and taking every nickel and dime they can from the amateurs. The professionals rely on analysts, their pals in the media to influence the amateurs individual sentiment 180 degrees away from how an individual issue or index is actually going to move. Maybe I'm just paranoid, but this how I really see it. The stock market is a game designed to take money from the nieve amaeteur investor and put it squarely in the pockets of the professionals. I believe that insider trading is rampant by the professionals, and I'm not talking about institutional investors that really do buy and hold. I'm talking about professional traders that trade with big bucks. Now on COMS I probably shouldn't have said the pros knew COMS was going to gap up, but I will suggest that they knew that COMS would go up to $27 1/2. I think the reason why pros mess with COMS is that it does have the high volatility and volume (i.e. LIQUIDITY) that is so essential for professional/big dollar trading. Run a scan sometime and see how many companies out there that trade an average of 2M shares per day. You find there are not that many. Thats where the pros turn to for trading. Again, I think the media makes us try to believe that the "pros" aren't big traders. The media may be talking about institutional investors---but what about other high rollers out there that are not instutional investors. Nobody ever seems to want to talk about them. They are out there, and are more dominant in this market than ever before. There is a whole new huge crop of amateur investors in there thanks to the bull market, low brokerage commissions and the internet. Its the job of the professional traders to take this groups money. Look at all the amateur investors on S.I. that are new to the market. I don't know how bucks you friend has, but can he/she afford to buy several hundred thousand shares of COMS? Just some thoughts to ponder.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next