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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 (18097)	6/24/1998 5:26:00 PM
From: Captain Jack	Read Replies (2) of 45548

joe--- Tried to get home early for the news and was still late. This is VERY good news. I believe the 30 - 32 range will come quickly and 35 not far behind. All we need is some positive news to continue. Mgmt needs to assure good PR on a ongoing basis. When we talked 2 - 3 weeks ago my feelings were as they are now... your time frame and mine are about 180 different. I look to hold issues for days or weeks. The longest I have held any issue in the past few years is 7 months--- for me that is a hell of a long term. Waiting on reports from the cc. I hope the are very good too,,, but not great... it would be nice for those holding months or years not to see the concensus raised to unreachable limits. IMO Asia will have more bad news before good. To answer you question of last night after I shut down,,, had there been a bad number I would have bailed after the stabilization. I saw no reason that even a bad number would see COMS sustain under 25 - 26. It just may have taken a day to a week to get back there. Agreed, at any price under 32 COMS should be "merger bait". If not for the poison pill they probably would have been gone already. After todays numbers any company could justify the fight to their shareholders. IMO that would not be good for COMS long term holders,,, but we traders would smile. Yes I have been in issues that languished. I generally follow the 20% rule and bail at that point to revisit after 30 days. The buy is either too early or just wrong. Take the loss and put the cash back to work has been best for me. Even cash in checking pays over 5% so why hold a loser unless there is reason to believe a turn is about to happen? Even sleepy you made sense. Now it is onward and upward for COMS. 30 on Thurs? 35 in 2 weeks? Looks possible to me! John

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