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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: FUZFO who wrote (21011)8/27/1998 8:44:00 PM
From: Steve Porter  Read Replies (1) of 45548
 
Fuzfo,

First, Hi. (I don't think we've posted to each other before)

Steve, Well you were right, and hats off to you for selling (I think I remember you got out above 30?).

Well thanks. And yes I got out at 30 and change I believe (I really don't track things in terms of $/share but rather % gain.. I know I bought at 23 and change and netted 20+%)

I held on but couldn't resist buying 500 @ 27 7/16 today. THis will fill my position in COMS unles we see $25 I will buy 500 more.

Good plan, but I would move the buy point up to $26. I think $25 is a little too low and your order may not get filled. I almost moved my order up to $28 today, but thought better of it, given the market conditions.

. I agree with the Chatfield view of a rally after Labor Day, if for no other reason than oversold conditions.

We are currently oversold. The market in general. Have you noticed the slow bleed of the net stocks lately. You know what that is? It's the "big boys" slowly bleeding those stock out and accumulating undervalued plays. QWST deserves some SERIOUS attention. COMS is also a real strong contender to double in 8-10 months. (my 12 month prediction is $85 a share with no splits..)

Lets hope sonner than later.

Well if you read my previous post to Joe, you will see that I said that people are already starting to figure it out and are saying so on TV. That will get people's attention. Again I think a chunk of all this is "orchestrated". "Hey let's make a big deal out of the Russia thing, buy some cheap shares and then say 'no big deal'"

Steve
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