Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dakota Sullivan who wrote (10834)	11/26/1997 1:08:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 45548

How do you roll out calls...you can buy them back to close for a loss...

To: Dakota Sullivan who wrote (10834)	11/26/1997 1:59:00 PM
From: craig crawford	Respond to of 45548

<< Need advice. I have a truckload of Jan 35 calls (I know, I know-they're from last June/July). Think it's worth it to roll out till May? Will another quarter help inventory problems, competitive threat, or only compound it? >> If I believed that COMS had just one quarters worth of problems I wouldn't even bother. I expect the quarter that just ended to be bad plus the next two. Spring of '98 should be better for COMS...

To: Dakota Sullivan who wrote (10834)	11/27/1997 10:20:00 AM
From: Greg Jung	Respond to of 45548

Dakota your january calls will win or lose a little or lose a lot depending on the market and 3com's earnings and outlook from the December report. After that will be another market cycle and I don't see any point of stringing calls together - thats what stock is for. If you wanted May calls/puts it is probably cheaper buying new ones in March or later. Timing wise there isn't much enthusiasm for networkers these days, or for techs of any sort, and LT growth estimates will be lowered in the coming weeks, to boot. The management does seem to pump the stock prospects to the max in this period and it will correspond to heaviest equipment purchases - there should probably be word on the 9000 switch but the USR product, Total Control Hub, may not be distinguished enough to have overtaken much share. Revenues from the "modem maker" portion of USR should be valued at maybe 1x earnings - hopefully most of the price paid resides in future developments. Etc. Etc. If you have cash, equity, approval and Chutzpah to do it, I'd sell those lottery tickets asap. This Friday might be a good day. Maybe sell Jan30 puts for an amount of stock you'd pick up at those prices, anyway. Greg