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

To: Mang Cheng who wrote (10360)	11/16/1997 8:43:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 45548

Glenn, when the price of COMS is almost going to be lower than BAY and ASND, that really broke me down. I felt like a fool and most probabaly I am. Mang, It is easy to believe oneself is a fool with 20/20 hind sight. You are no fool. You would not be taking the time and initiative to invest if you were. It is my thought that the street is the real fool in many ways. However, we are at the mercy of the market reaction. One would think the street would be looking long term but that is not how I see their reaction. There are short term problems with COMS and ASND for that matter. The SEA problem also was a problem. That blindsided me entirely. I knew it was occuring but never anticipated the spread to this extent. I feel I am a fool too. I feel more so for writing too many naked puts. Too much exposure compared to the lack of seeing the drop. I understand the risks of writing naked puts. Two companies with such a huge drop I never anticipated. A market sell off of 15% I could have handled better but two stocks with close to 40% falls is a bit much. Good luck to us both for this coming week. I feel these stock will come back into favor starting this week but not very quickly. I am not throwing any more money at it, however and will liquidate some to meet margin calls:-( Glenn