3Com Corporation (COMS) Message Board

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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: Steve Porter who wrote (21070)	8/31/1998 11:27:00 AM
From: lib	Read Replies (3) of 45548

Steve; Don't feel so bad about where you entered this at - I suspect you don't anyway - I bought at 28, and am planning on placing margins on this soon. My question is, is it now possible that COMS could drop below its 52-week low if the market happens to continue to go down for the week? I would hate to be called on the margin if I enter in around 24 and it continues to drop. TA is pretty much out the window here on most stocks, and many people are understandably very reluctant to buy until stabilization occurs. But how can stabilization happen if nobody is buying? This could get really bad here for a while, and the way I see it improving is if the fed lowers the interest rate as a means of attracting buyers into the market. How else can the market become attractive with the volatility happening? The price on COMS is a screaming buy, but how can you express that to an investor when he/she sees the market continually go down without a possible bottom in sight. Can a scream buy rating be followed up by an even more positive one if COMS breaks the year low?

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