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

To: Steve G. who wrote (11170)	12/2/1997 6:19:00 PM
From: Eric	Read Replies (2) \| Respond to of 45548

Steve You are correct, this one will whipsaw and come back. I've traded this puppy for years and it is a great trading stock with an upward bias! Good investing to all, Eric

To: Steve G. who wrote (11170)	12/2/1997 6:24:00 PM
From: hitesh puri	Read Replies (3) \| Respond to of 45548

I agree with you completely on this view. The retail investor is still a contrarian indicator. Let me ask how many bought 2 weeks ago (under 30) versus 2 days ago (over 35) ? The majority will lie in the latter and they got burned because they were buying when everything seemed fine and all the good news was out for the short term (Barrons). No one was thinking that the warning has yet to come (everyone knew there was an inventory problem in the channels). They had to wait for the quarter to end. I repeat your point that this was expected and is not out of the blue. This is a very undervalued stock getting extremely undervalued and the Risk/Reward is quite favourable. -hitesh

To: Steve G. who wrote (11170)	12/2/1997 6:47:00 PM
From: Jason W.	Read Replies (3) \| Respond to of 45548

Steve: Get a grip! The smart money is already bailing out this evening in afterhours trading. COMS is down 5 more points, around 30. Retail investors who don't have access to aftermarket will bail big time tomorrow and COMS will see the same pattern that ASND saw some weeks ago: lots of downgrades and lowered estimates, with a price spiral downward. Where will it stabilize? Nobody knows. If you want to save some of your investment, sell your long position and go short for the next few days. Or at least go short against the box. Why would you want to hold through the coming mess with no reasonable way to determine where the bottom will be and no reasonable way to tell when the problems are coming to an end? IMO, COMS is dead money for AT LEAST the next couple of quarters. COMS didn't stumble; it fell out of a 10 story window and hit the asphalt. And like anybody else that takes that kind of ride, COMS will have to recooperate for a long time before it can start climbing again. There's nothing noble about being an "investor" in a damaged company. All those on the ASND thread know this only tooo well. Better to move on to other investments for now and keep COMS on your watchlist. In any event, Good Luck.