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


To: Eric who wrote (10216)11/13/1997 4:36:00 PM
From: Vol  Read Replies (2) | Respond to of 45548
 
Backing up the truck. beep...beep...beep...

"Fill 'er up!"

Ahhh..... Lowered my cost from 47 to 39.

Let's hope you're right about 50+. Now, quit hogging that BONG and pass it over here!

Vol



To: Eric who wrote (10216)11/13/1997 4:47:00 PM
From: AreWeThereYet  Read Replies (2) | Respond to of 45548
 
Eric, yes COMS is oversold but I don't believe the selling is over, let see if COMS will hold next week. Traditionally, COMS rarely trade below $35 since mid-1995. So long term remains bullish. I didn't sell it at 40 so I will keep it for now. COMS is a steal at $30 even if current FY only has $2.00 EPS, I may consider buy more if it will dip to $25 (same magic number as GTW :o)...

Since Nov 5th, more than 107M shares of COMS changed hands and price dropped from 45 to 30 (33%). IMO Shorts should begins covering unless more bad news.

Good Luck
aC