3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Dec 18 4:00 PM EST

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To: KHS who wrote (28475)	3/2/1999 5:35:00 PM
From: Alok Sinha	Read Replies (2) of 45548

You are right about its likelihood of going up. I actually was lucky to have exited at 48. Also I had sold some naked Mar 32.5 puts which I bought back last week for a 100% profit. So timing wise, for once, I got 3COM right. I was trying to bottom fish today at 25, but was not successful. (Wasn't so lucky with INTEL trying to sell covered calls when it was at $138 last week) I expect a dead cat bounce tomorrow. After all, a drop in price from 48 to 26 to more than enough to justify missing the EPS by 13 cents. Now that the uncertainty is over, some smart money should slowing start coming back in. I don't know what the after hours on COMS is, but will go out on the limb that it will probably NOT trade in low 20s this week. Now if the overall market colapses, then all bets are off. Regards Alok

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