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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (32580)	7/23/1999 10:56:00 PM
From: lifeisgood	Respond to of 45548

Do you also short COMS when you think it's reached the top? Or you just long? No, I've never shorted COMS. I prefer safer shorts (e.g., BAMM, VPHM) where I can make 50-75% in the matter of a week or two. I'm thinking about shorting LSI again (rode it from 48 down to 34 in 1995 though I exited much too early). I've played PCNTF for a few points long lately (it keeps bouncing off low 40's) although I like safer plays. I firmly believe the next 6 months will be a shorter's paradise and I'm accumulating a sizable cash position now to prepare for those opportunities. I'm not pursuaded by the "bigger idiot" argument regarding coms share price (i.e., since RBAK's price/sales is ~350, coms would be worth 208 times it's current stock price at a similar p/s multiple). With this approach, COMS would be worth ~ 5200 per share. I try not to buy a stock when it blasts through the price I sold it. Don't get me wrong, it's often tempting but, almost without exception, I later learn that avoiding that was the best move (e.g., I was long ABOV from 13 to 126 and was tempted to get back in as it climbed to 150; it's now 80 split adjusted). best... LIG