3Com Corporation (COMS) Message Board

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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: Wayners who wrote (17283)	6/12/1998 1:53:00 PM
From: Mr. E2u	Read Replies (1) of 45548

I'm In LONG! I just sold off some of my short term stock positions for only a small loss (if you can believe it) so that I could buy 40 Jan 99 calls with a strike of $32.5. I was tempted to sell off my ADTN calls that I bought 2 days ago but I couldn't when I saw that it is actually up in this market environment.....Anyway.... I got in at $1 7/16 which is where I wanted to buy the first time we were at this level (a couple weeks ago) but I didn't have the b*lls then. I'm hoping we close at or above $24 today. If not then I still have 8 months of time left and if we test $27.5 resistance again relatively soon (before earnings)I may sell off half my position for a quick profit and if possible buy again on any weakness from there. I was waiting for this retest of $24 but I thought yesterday was close enough but luckily my day order at the bid didn't go through. The overall market weakness has enabled us to get a second chance at this price level. Hopefully after the market adjusts we will be back in the high $20's and beyond. BTW I probably would have never had the patience to get in at this price if it weren't for losing my shirt (and my hair) as I rode down ASND to it's depths 6 months ago. I may be dead wrong but I think we will be going up from this double bottom. Regards Brad

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