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

To: Mike Denman who wrote (10056)	11/12/1997 11:19:00 AM
From: Johnnie Memmonic	Respond to of 45548

RE: <<From $65 to $48 after the stock tanks. Morgan Stanley is sure demonstrating it's "leading the market knowledge." That is meant to be a joke. Before buying COMS wait for a sign the decline has stopped. Right now it is still in freefall. >> Yes I see another ASND pattern, I am waiting for the bottom to pull the trigger on this gem.

To: Mike Denman who wrote (10056)	11/12/1997 11:33:00 AM
From: JMS	Respond to of 45548

COMS at $32/share right now. One year target = $48. That sounds like a 50% return, and I'd take that any day. Analysts suck-they never have the balls to go against the grain. That's why I'll be buying coms in the next couple of days. Analyst say sell-I buy. Say buy, sell. Works for me!

To: Mike Denman who wrote (10056)	11/12/1997 12:46:00 PM
From: dougjn	Respond to of 45548

Ah yes. What I expected. BTW, I just plugged Morgan Stanley's 98 estimate into my valuation spreadsheet, assumed May 99 would come in MY estimated 5yr growth rate (22.5%) higher, used MY valuation multiple based on that growth rate, and .... what came spitting out .... 12 month target of 49. And yes, this puppy goes to the 20s in this market. Market doesn't know how contained the modem, now board NIC problem is, and, in casue you all haven't noticed, we are in a mini bear market for techs right now, not a correction. But by all means, do not sell into rallies, such as this afternoon. (THAT would be irreligious.) And then yell at me when I'm buying in the 20s in a month or so, maybe sooner. (The last two gafs are not directed at you Mike, you seem to get it. Its directed to those others on the thread that will no doubt blast me for this post as well. Or perhaps ignore it.) Regards, Doug