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


To: Grislee bear who wrote (39462)2/17/2000 7:05:00 PM
From: Lucky888  Respond to of 45548
 
COMS --

Thank you for your bullish comments. I am a little bit too heavy in COMS, that's why I get nervous when the price drops :)

L.



To: Grislee bear who wrote (39462)2/18/2000 9:15:00 AM
From: geekland  Respond to of 45548
 
I agree that this is just normal profit-taking and it's actually healthy. We needed a BREATHER! PLUS - consider the fact that the stock touched 77 early yesterday. By the end of trading it was 5 dollars less! Today should see a bunch of buying from folks who were worried that they missed the boat. Psychologically it's easier to rationalize a purchase here because COMS has ALREADY BEEN TO $77 - it's NOT uncharted territory. A revisit to such a valuation is not much of a stretch AT ALL!

However - one caveat - on options expiration day there's almost always weirdness related to last-minute unwinding of put & call positions, market maker shenanigans, etc. If COMS can't plow through that dissonance today then Tuesday (no market Monday) should be a no-brainer UP day. The IPO countdown is shrinking AND we might snag some more good press over the weekend - cyber and/or legacy. For example, has BARRON'S covered this dynamic, almost unprecedented story AT ALL???!!! Hello!!! Duhhhh! What exactly D O E S qualify as newsworthy with those folks???!!!