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

To: Doug who wrote (41409)	3/6/2000 2:57:00 PM
From: sunfish	Respond to of 45548

The P/S for PALM should hold in the 25 range. That would put COMS at a low of $75+. Is this meaningful.? Here's my disclaimer. I have no idea whether the P/S for PALM will hold in the 25 range. I do, however, have a GUESS about what is going to happen with COMS/PALM over the next six months. In the short term (prior to distribution date at least), I believe that PALM is going to trade on technical factors and ignore fundamentals (just like many of the other 'hot industry' techs have). PALM has not acted that differently from other hot IPO's, except that PALM made the "euphoric top" and "ensuing crash" in record time. Where PALM finds a bottom is anyone's guess. My guess is near IPO price of 38. Just a guess, but at this rate.... I also believe the bottom in PALM will be reached very quickly, perhaps by March 24th after the small investor has been give ample opportunity to lose millions by shorting the 'then way oversold' PALM. Then, we get a 'short squeeze'. PALM will rise dramatically from the ashes and head north with little pause through distribution day. I expect PALM to trade back to at least this level (66) and COMS to trade above 100 (1.5* 66 + $25 for COMS sans PALM) by distribution date. PALM may trade much higher than 66, of course. I don't see it trading much below its IPO price for long.