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

To: john7 who wrote (41388)	3/6/2000 11:12:00 AM
From: Graham C.	Read Replies (1) \| Respond to of 45548

PALM is down 10, ie. 15 per COMS share. Looks like the gap is closing ... COMS only down 7, so the 'negative mkt cap' is increasing towards zero.

To: john7 who wrote (41388)	3/6/2000 12:11:00 PM
From: sunfish	Read Replies (2) \| Respond to of 45548

Does anyone know why we are down so much today? Just a guess. Profit taking by those that bought PALM at IPO price. Panic selling by those that bought PALM over 100. With 3COM going along for the ride. Possible downside for 3COM = $57, this value is based on PALM back to IPO price ($38) with the value of 3COM sans PALM taken to equal the uncertainty discount that PALM will not be distributed by 3COM. If COMS reaches $57, I'll buy more COMS because I believe that PALM will resume ascent at some point over the next 6 months and that the uncertainty discount will be reduced as time goes bye. For now, I am hunkered down holding COMS long and waiting for PALM to reverse course. Bottom in PALM may be timed for March 16 when general public would get a shot at shorting PALM. I'm sure there are MM that would love the general public to sell PALM short around the original IPO price of 38. First sell the public PALM at 150, force them to bail between 90 and 40 by taking profits, then crush the shorts that jump in near IPO price of 38 when the sky is falling. You gotta love these guys!