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Technology Stocks : Compaq

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To: Loki who wrote (46996)2/5/1999 9:11:00 AM
From: Kenya AA  Read Replies (2) of 97611
 
Loki: ****OT****

Was that you that Cramer saw??? <gggg>

You hate to have a weak stock be the key to the day. But this 3Com (COMS:Nasdaq) seems like the ultimate tell. Here is a stock that is down 13 points in a week. It has gone from reformed PalmPilot darling to degenerate price-cutting loser with a tough quarter. The whole selloff started with a number cut, the DLJ slash down to 34 cents earlier in the week. In the meantime, there have been millions of shares virtually homeless in this stock. I thought I saw some 3Com living in corrugated box under the Williamsburg Bridge on the way home last night. Might have been some SCI (SCI:NYSE), but it looked like 3Com. Didn't want to get too close. As my youngest would say, PEEEUUU!

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