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

To: Mike 2.0 who wrote (41490)	3/7/2000 12:14:00 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 45548

Mike: Hmmm. COMS/PALM got interesting again quicker than I thought. Naz tanked, PALM held onto gains, COMS as well. Naz picked back up, PALM/COMS put on a few points in a hurry. Notice how as PALM was falling, it dragged COMS along at the 1.1 ratio we seemed to have settled on, but now that PALM is close to 70, COMS is at 74 for a 1.06 ratio. If the market becomes convinced that PALM can hold this level of about 70, COMS should creep back to the 1.1 ratio of 77-78. If COMS closes above 75 today, we could have the sell off behind us. Just bought back a small COMS position, plus a few April 75's. But still tread carefully, probably are a lot of people who have had enough of this and still want out. Best thing we could do now (we = people who have sold COMS but held/rebought a position) would be to dive in and buy some PALM with some of our COMS cash. Let's see, if 25% of 60,000 SI members bought 100 PALM each, that would be 1.5 million PALM, that would give it a push! David T. P.S. & OT: Long optical networking (JDSU, LU, NT, now A via HWP); wireless (NOK, QCOM, MOT, TXN, RFMD), some BTB (CMRC, PPRO, ICGE, FMKT), some inet (YHOO, CMGI, AOL), some inet software (ADBE, MACR, MCRE), and some basic tech goodies (GE, MSFT, INTC). Mostly buy and forget, but some plus others are trading positions. Out of computers for now but IMO AAPL is a sure 150-160 then split, and DELL is a sure long term double to 100+ by 12/01. Can't keep track of much more at once, generally focus analysis on just one or two special situations at a time such as COMS/PALM. Added to LU recently because of the spin off, but haven't crunched any numbers yet to evaluate potential, if it looks good, may buy some options a la COMS.