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: E_K_S who wrote (30710)	5/7/1999 11:39:00 PM
From: Elmo Gregory	Read Replies (2) of 45548

Hi Eric - All this recent good news about 3Com reminds me somewhat of the Novell days. Remember those days when no amount of good news did much for the stock? Rumors did more to move the stock than anything else until Eric Schmidt had several successive quarters of positive earnings to report. I may be mistaken but there also appears to be the perception by the investment community that 3Com is going up against Microsoft with the Palm product. Novell had this problem, and may still have, when they were trying to convince the investors that they had a networking product that would survive and prosper in spite of Microsoft. Patience should pay off very well for the investors in 3Com, as it did for those who stayed with Novell. Sorry to say that I bailed out at about 12 5/8 when Novell was on its way to 28. But, at that time I had a base of around 7 1/8 so it wasn't too bad. And after a couple of years, I'd had enough of Novell's financial reporting techniques. With all the trading activity in 3Com, I believe that it provides a good profit opportunity for those fortunate enough to have bought in at the low twenty's. I have recently been doing some day trading with this stock because of its intraday trading range and making a few bucks. However, I have accumulated JAN00 20 and 25 contracts to protect my interests in case of any sudden upward moves in the stock. How long have you been investing in 3Com? What is your opinion about 3Com's future success? Good luck in your trading. Regards, Elmo

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