3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-13.3%

Nov 7 11:47 AM EST

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To: joe who wrote (23624)	10/30/1998 2:05:00 PM
From: Steve Porter	Read Replies (2) of 45548

Joe, Yes today's surprise was the ammount of the price run, and not the direction. As for the big guys letting it retrace to $35 or $34, I really don't need the worry for $2 in share price, when I know it's going to be over 40 in a couple of weeks. Remember my real base is at $23 and $4K on that is only a very small percentage gain. I'm just not comfortable trading COMS at this juncture. I think a lot of institutions are going to start piling on. The evidence is things like "COMS TOP NETWORKING PICK". I expect many upgrades in the next little while, earnings estimate revisions (upwards), a preannouncement. With all this going wrong I would rather lose $2 a share by being conservative than missing out on a 4-5 point a share rally. Steve

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