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


To: Mehrdad Arya who wrote (43336)5/25/2000 5:50:00 PM
From: The Phoenix  Respond to of 45548
 
Actually contrary to what you apparently believe I don't follow you around. I was just cleaning out some old saved messages and saw something from you and noticed you hadn't posted in a few weeks. Funny how one post from me gets you back. LOL!!!

I'm in COMS at $39... Fall of CSCO, QCOM.. blah blah blah... I hear the bears say the same thing. Fact is it called a correction or bear market or whatever. These companies didn't fall per se.. the entire market did. I find those that suggest their predictions of "the fall of some specific company" were supported because they fell with the correction a joke. Furthermore the fact is these companies - CSCO, QCOM, ORCL, INTC, etc.. will be the first to bring the market back. Point? Even if I saw your posts you wouldn't get any credit. CSCO for example powered through their last quarter - traditionally their toughest quarter.. and fwiw the institutions are underestimating CSCO... thinking that it doesn't get better. LOL!

OG



To: Mehrdad Arya who wrote (43336)5/25/2000 6:01:00 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 45548
 
You want a prediction? Here it is. In less than 2 years, COMS get bought for 40+ a share, Palm will hit a high of 65+. So why are we playing pennies here? Are we talking day trade or are we talking intermediate term investing. This tech market is at or near its bottom, anything more than this and its the great depresssion of 1929. General concensus is for a recovery in the fall, so you can bet it will happen in Sept., once Greenspam is done slowing us down to a halt. You may get 35, but if you do, you will not see much lower. However, you may never get filled, and thus you will miss the boat, because you are playing pennies. Stocks go down, but the good companies always go up as well. Its time to accumulate and wait.
Oh, and btw, if you like the COMS play, you better be looking at LCOS, this market has lost its mind.