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

To: RLM who wrote (10275)	11/14/1997 4:21:00 PM
From: david decamp	Respond to of 45548

Who knows? I nibbled at 38 3/4 on Monday, only to watch it tank. I bought more today at the close as it was fading at 30 1/4. If it breaks 29 to the downside, I'll watch and buy another equal chunk at the mid 28 level. If successful, my average will be down to around 32, which will be fairly easy to recover before December options expiry except in the case of a pre announcement. But, with all the estimate reductions recently, I can't help but think that COMS has been guiding analysts towards a realistic number that they can meet or beat. A relief rally could easily send the stock back to the high 30's by the end of December, except for the selling pressure that could accompany year end tax positioning by those who bought back in the 50's. With an average cost of 32, I may consider writing some covered calls at around 35 (probably December expiration). Thoughts anyone? Dave