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


To: Manny who wrote (40938)3/2/2000 3:54:00 PM
From: Joe S Pack  Respond to of 45548
 
On conspiracy, MM manipulation front, here is one more theory.

There are lot of institutions could n't get PALM shares and lot of them did n't know APLM shot sky high. So they want it at IPO price. How do you get it? Keep COMS at this range while people keep dumping.
Another angle is, everybody pretty well know that this will be hugh IPO and bought March calls. So MMs who wrote calls wants to keep this baby in this range to make them useless.

Hence I expect this weakness to continue for 2 to 4 weeks.
After quite period is over (30 days, on March 31st), EB may assert something about the exact distribution ratio and hence all these crazyness vanish.

-Nat