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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (7335)	11/20/1997 2:09:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 9285

3Com Corp (COMS) 34 7/8 +1 9/16: Hambrecht & Quist analyst Farrokh Billimoria lowered his FY98 earnings view by 24% to $1.74 a share. The analyst cited Asia weakness, inventory levels on modems and adapters, and back-end loaded qtr.... Today Montgomery cut current Q estimates to .09 from .53 Montgomery cut 98 view on 3COM to $1.44/shr from $2.40/shr. Someone on the COMS thread said Nationsbank cut estimates today as well.

To: Roger A. Babb who wrote (7335)	11/20/1997 2:10:00 PM
From: Carl H. Gotsch	Read Replies (2) \| Respond to of 9285

Roger and All: Could someone knowledgable about how market making works explain what happened to CITRIX? What has to occur technically for a stock to go from 76 to 64, all in a matter of 15-30 minutes? (Huge volume, of course. Can't believe this was a coordinate attack by shorts?) Then, next day, it goes to 78, again on huge volume. I have seen this happen in AND a couple of times, but in those cases, the run-up has come first, then the fall to previous levels. I think I understand the motivation--somebody is trying to make money. But I would like to understand better the trading mechanics that produces (permits?) this type of result. Eye-opening, to say the least. TIA. --Carl

To: Roger A. Babb who wrote (7335)	11/20/1997 2:43:00 PM
From: Blue On Black	Respond to of 9285

A little, quick-hitter if anyone is interested...astm up over 60% on patent news. Should be good for some profit-taking later if anyone cares to short it. lee

To: Roger A. Babb who wrote (7335)	11/21/1997 7:59:00 AM
From: taxikid	Respond to of 9285

it also has a 75+million dollar cash profit from msft's donation. there could be more- too bad i sold my long posion at a $2 profit 6 months ago- those 1500 shares would have made a nice return! taxi