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


To: Kunal Taravade who wrote (42865)4/13/2000 10:01:00 PM
From: Daniel Simon  Respond to of 45548
 
Does COMS still have a share buyback program in effect?



To: Kunal Taravade who wrote (42865)4/13/2000 10:06:00 PM
From: The Phoenix  Read Replies (3) | Respond to of 45548
 
Tell me you are kidding. Prophetic... let's see.

He bought at 23-25 calling COMS a value play with all kinds of great assets that was going to turn around!!. Still he sold 20% in Decebmer (pre-earnings - gee there's a guy that believes in what he says). Earnings were terrible if you remove the cost cutting activities - he was way off. He sold even though we all knew there was going to be a run into the IPO. Then as we ran up to the IPO he sold no shares - and held until we retraced to the 40's. he then calls 45 the bottom and you call him prophetic. LOL!

I on the other hand bought in Sept at 25 all along suggesting that this was a play on PALM and that downside risk was mininal due to the valuation - held through DEC (even though I was upset about it and knew they wouldn't perform and posted as much).. sold all my calls and 75% of my long position the day before and day of the IPO and I'm a bonehead. LOL!

So, tell me you're kidding... You're just yanking on my chain - right. Hee hee... it's working! LOL!

Oh.. and if I do recall i mentioned that MSFT would be making a new assault on this space as was posted a couple of posts back. Everyone laughed at me... probably still do... but it looks like MSFT has some pretty good partners to get started... We'll see... I'm out of COMS right now..
OG