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: joe who wrote (22229)	9/24/1998 4:32:00 PM
From: matt fahy	Read Replies (2) of 45548

joe, I can't believe this myself yet, but I am 100% OUT (at $30 5/8) of my trading position in COMS, I don't touch my l-t holding very often which I still hold some in. Two days of weakness after earnings and market looking and acting sick after such a huge rally yesterday doesn't make me feel confident right now. I may be back quick, but am looking for COMS to go back down to find support in the 50 DMA which is around $27-28. I don't want to go through that for the next 3 months until COMS shows street that it can grow and make real $$$. Plus beating analysts by 33% appears great, yet those guys have egos that they must uphold and don't like being wrong. In one of the press releases posted it said that COMS beat analyst estimates yet the estimates are "based on 3Com guidance". I guess Eric still has something to learn about analysts, I really thought he should have by now. He probably feels he's damned if he does and damned if he don't, plus this Paisley fella is the real one who needs to give the analyst's the most accurate projections possible, yet hold onto a few pennies in his pocket until that rainy day, it's called "SMOOTHING EARNINGS" MR. PAISLEY, the SEC may not like it but WS loves it. I wonder how the shareholder meeting went/going, anyone know? Matt

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