Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mang Cheng who wrote (9942)	11/10/1997 11:50:00 PM
From: Martin Spallone	Respond to of 45548

To ALL: Take a look at this chart of COMS, fast.quote.com This chart really is not that bad (looking at it now...) - we are near a bottom at 35 or 25 depending how badly you see things. IMO, we'll create a trading range between 35 and 50 (providing we do not get a earnings warning or more downgrades). Worst case is we test 25 and we all double up and go long on COMS and have a great 98'. I might as well get into RDRT and SEG for the same reasons. << leaders com back 100% >> COMS will do okay without Billy boy! See everyone at $66.00 in 98' Marty from CT Yes, that's all that needs to be said here.

To: Mang Cheng who wrote (9942)	11/10/1997 11:55:00 PM
From: Pancho Villa	Respond to of 45548

>>Based on experience, good companies come back 100% of the time. << What works for me is the following [this is not bnecesarily correct] I start with a small position in the stocks I like [no more than 1.5-2% of net equity portfolio]. This position gives me the incentive to study the company in even greater detail. I read all news study the competition, read annual reports in great detail [the initial study is also thorough but not as intense] Once I feel confident about the fundameltals [and there is always the possibility of being wrong] I accomulate on weakness [I reached my max on COMS today. read my other posts] to my max allowed about 12-13% of portfolio [this is really high for me seldom do it] then as the position [hopefully] appreciates I trim it because it gets to be too big. In occasions when the price increase is too much too fast I sell the whole thing! I did this last summer sold all my COMS bought in the 38 up to 58 down to 30 rage at around 54. Then bought again at 45, sold again at 50. and then started accumulating from zero shares at 47, 43, 40, 38, and today 37. As it goes up [as I hope it will] I will start prunning again. There is always the risk the stock runs away from you if you sell it but these techs are so volatile they usually come back (so far MSFT sold at 114 in the spring, VTSS sold at 39 this summer, QCOM sold at 55 recently have not come back but I still have hope all of them will) Regards, Pancho Also one needs to diversify. Do not buy 100% tech stocks.

To: Mang Cheng who wrote (9942)	11/11/1997 12:10:00 AM
From: James T.	Respond to of 45548

Oh Wow, Mang. You would not believe how similar our situation is. Very interesting. I just wish, I didn't have a negative attitude towards shorting stocks. Maybe then I would have shorted it in the fifties, and counter acted these losses. Nhaaa. There was nothing indicating that it would fall below $50. Everything suggested that it was going to move towards $70. So, I still would not have shorted it. If I had any buying power left, I would be buying COMS. But I don't. Those who shorted this stock, had guts. If we are lucky, maybe we will see a short squeeze as a result for the shorting.

To: Mang Cheng who wrote (9942)	11/11/1997 12:23:00 AM
From: Eric	Read Replies (2) \| Respond to of 45548

Mang We are probably near the bottom for COMS IMHO (of course I said that at 40!). That of course is conditioned on no more bad news. To be realistic I would expect earnings coming out in December to be a critical long term turning point for the stock. Coms just does not have earnings consistency, Cisco does. I believe we all know that. Cisco gets its premium for obvious reasons. I still like both of them, but I sure am glad I put the majority in Cisco over four years ago. I owned both of them back then but shifted more to Cisco because I liked their management. Cisco's success is driving the others to merge on grand scales to keep up. Thats terrifying because of all the problems managing the "Big gulps". Eric B. is a pretty good manager. Is he as good as John Chambers? only time will tell. Still hanging in there, Eric