OFF TOPIC; 3COM is a DOG.
Good luck to you on waiting for COMS to hit 10! Or, I guess I really don't want to wish you good luck except that if it does hit 10, I will have bought some much cheaper than it is now on the way down. Taking losses is not my style. Once I buy a stock, I am very persistent, I have found that you just don't lose using this strategy, but I guess COMS may prove to be the exception. I am down about 6% on the COMS I still hold and I will buy all the way to 10 if necessary.... I've held 3Com longer than you and sold half my position in middle of January near the top (lucky me) for a 40% profit. I then doubled in a few days ago and will double in again if it hits 15. After that I may just have to ride down to 10 without buying more and wondering if the old dog will go belly up or something. Right now it has a PE of 20 or so, I really can't see the number 2 networking (sic) dog going to a PE of 10, can you? Oh well, if it does, I'll see you there/then. We have something else in common, I put some of the proceeds from the COMS sale into Dell recently, just a little toe in though, I'm afraid that the under $500 PC market really will eventually have its impact. I just hate to watch those go-go stocks go-go without me and if they drop 30%, what the heck why not buy some? Since I made that little dip into Dell, it is up nearly 30%, go figure. You gotta love this up up up market and the wild fluctuations for really no-good-reason that lead to all these good buying opportunities. Someone said it Buy-Hold-Buy-Hold-Retire. That's the ticket. And I'd add "sell part of your position at a nice profit as the stock hits new all time highs",hey ASND fits that profile, I guess that's why I'm itching to sell some... |
