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

To: Mehrdad Arya who wrote (34918)	10/6/1999 5:57:00 PM
From: The Phoenix	Read Replies (2) \| Respond to of 45548

Mehrdad, You're really unbelievable. You are mixing up supply and demand and money supply. I tried to keep the two separate. Clearly if monetary policy is to tighten than stock prices will come down...all else being equal. This has little to do with sentiment. If you assume monetary policy to be stable, stock prices will fluctuate based on supply and demand and both a function of sentiment, perceptions, and other commodity prices. There are two variable here???? Understand. None of these variables have anything to do with physics...they are business and economic related. The internet craze will continue undaunted until either monetary policy is altered or demand for these stocks (which is a function of sentiment) subsides. (Or prices of other goods change dramatically.) Don't try to throw a bunch of smoke and mirrors on something that is really quite simple. OG

To: Mehrdad Arya who wrote (34918)	10/6/1999 6:49:00 PM
From: Andre Williamson	Read Replies (2) \| Respond to of 45548

I don't see economic slowdown in the cards. Nor do I see the Internet "craze" grinding to a halt. Quite the contrary, it will continue to expand full steam ahead regardless of what the Fed does. But I do agree that there are some crazy valuations out there, because many people simply follow momentum and not the underlying fundamentals. Witness how many posts here argue about whether the stock was up or down a quarter point and what that means. Here's what I think: it means squat. At some point in the next six months I think coms will be over 40, perhaps much higher. It may drop from here before getting there; it may not. But I'm confident it will get there. I consider COMS at these levels an easy way to make a good profit in a year or less, and perhaps much sooner. I'm not shooting for as short a time frame as Gary, since I have neither the time nor resources (nor knowledge) to do so. As for Graham and Dodd, I don't think they'd care much for 3COM. Andre