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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: drmorgan who wrote (9634)	11/21/1997 1:43:00 AM
From: RBB	Read Replies (1) \| Respond to of 22053

All about COMS: I have been reading both COMS threads for last few months and I haven't seen so many negative posts in the past which I am seeing now. When the stock reached $56.00 recently, I noticed lot of optimistic posts on these threads. Right about $30.00, suddenly it turned very bearish. We are seeing so many "SHORT"ies and "PUT"ters. From the contrarian point of view, $30 is the bottom. All the Shorties should know that, the price came down from 56 to 30 for same reasons they are mentioning right now. The earnings revisions cut from 2.45 to 2.17 should make the stock price about 48 right now.I am still assuming the growth rates to remain the same. Considering that COMS is exposed to asian markets least among the major networkers and only a fraction of that market is affected (as per recent 3com news report), I think we have seen the worst of the stock performance. I don't think the stock should be punished this much (you know by now that I have a long position in COMS) unless the growth rates are going to come down. But, in any case can any one tell me why it should go below $30.00 when the earnings are going to be $2+ and growth rate of 20%+. Happy Investing. -Rambabu