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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-67.5%Nov 7 11:47 AM EST

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To: blankmind who wrote (16997)6/5/1998 8:58:00 PM
From: craig crawford  Read Replies (3) of 45548
 
<< you have me confused on your reasoning craig. you see coms going up, but purchased the jul 25's >>

I see COMS going down, at least one more time.

<< why not wait if you see merger hopefuls purchasing this stock? >>

The 5/8 point bounce up at the close didn't really affect the price of my option, just like the 7/8 point move down earlier only moved it a little. The option essentially hovered around a buck all day, where it closed. If I wanted to buy options for a 20% daytrade I would have bought in the money puts. Relax, I still have 42 days to play.

<< but instead because there shall be no bad earnings or warnings countered with an unstuffed sales channel which allows coms to guide sales better. >>

You could be right, but if COMS is all better and has turned the quarter, why has it gone down to new 52 week lows? Why are they looking for new management? Look at the chip-equip and other companies that have lots of asian exposure. They are all sufferring and missing earnings. COMS must be suffering asian declines as well. I suppose this news could all be priced in, but I heard that before the last two earnings reports.

Who knows, third time's the charm...
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