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

To: Dana Adams who wrote (10439)	11/17/1997 8:24:00 PM
From: James Petersen	Read Replies (1) \| Respond to of 45548

Dana.... Excellent....but I've learned over time that it does no good. These guys live off their egos. Doubt they could really buy or sell a hundred shares between them. They word their day late and dollar short comments in such a way as to always be right.... no matter the direction of the market/stock. If Coms goes down tomorrow they'll be right back with their comments on how they sold at the top today. If it continues to go up they'll just move on to the next attention getter. I suppose it beats some of the other odd ball things they could be doing.

To: Dana Adams who wrote (10439)	11/17/1997 8:49:00 PM
From: dougjn	Read Replies (2) \| Respond to of 45548

Look, I amply demonstrated in real time on the way down my calls on Coms. Amply. I started getting out at 47. Sold more at 44. When it really started spiking down from 43 I got on the thread thead at 41.25 to warn people. I sold my last bits at 41.75 on the slight bounce immediately after my first warning post. I warned because i wasn't trying to call every turn of every stock but by then could sense a REAL proably crash in coms. As w/Asnd earlier. I bought some Friday, More today. Not a full position yet. I am by no means sure it won't go a bit lower again. Just good risk/reward. Here, in this market. Now that its started heading up. That you will remember is what I advised. Leave some points on the bottom (which was Thursday). Of course one can never be sure that will not resume fall. But at least not in free fall now. Comdex speech tomorrow is positive, also. Re so clever. Firstly I hardly bought coms at low for the day. It would have been much more clever to have only bought on Fri. I didn't know which way Asia would go over weekend, so didn't want to get too heavy, though signs of a strong rebound were unmistakeable when Friday . When I say Japan up 8pts Sun night late, I KNEW US mkt would gap up. Basically, I bought coms then as soon as it didn't look like it was going to drift down after strong open. Couldn't be sure of course. While 30 day wait would have been ideal given wash sale rules, my loses were pretty small %. It was a concept but hardly controlling. And I have not fully jumped in. I still expect further earnings revisions downward, but it still seems cheap to me here. Still might react to downgrades/misses. Probably will. But maybe from higher levels. We'll see. Your tone was so insulting I probably shouldn't have bothered responding.... Doug

To: Dana Adams who wrote (10439)	11/17/1997 10:14:00 PM
From: Mang Cheng	Respond to of 45548

Dana, thanks for the good wishes. I'm not mad at the bears at all, either by luck or by skill, they had been very acccurate in their recent predictions. I am pretty upset about myself on being caught in this downturn and I spent the last few days brooding over the situation. It's certainly the worst nightmare of any investor to be haplessly caught in such a sharp downturn with no defense what-so-ever. Here are a few points I thought of for my own future references : 1. Whenever a stock shows a 'Rounding Top' pattern, it's the most alarming signal, in my own experience, 9.5 out of 10 cases the stock will go-on to crash big-time. Anytime when I ignored a 'rounding top' formation thinking 'oh, well, the fundamentals are still OK', I lost real big. For some examples of 'rounding top', please take a look at COMS, APM, INTC, and SGI's charts. 2. Once a stock break-down thro' resistance, like COMS broke thro' $52 in Aug. or $49 in Oct, those were must 'dump' prices. I talked about and warned about these resistances on this thread but I stupidly hung-on. Felt in love with a stock, result : eat sh-- ! 3. Fundamentals means nothing in the short-term and short-term is what really kills you. They always know something that we don't, so don't trust fundamental analysis. 4. I learnt from my every mistake and hopfully will do better in the future. Nice tradings to all. Mang