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


To: Valentino who wrote (11180)12/2/1997 7:41:00 PM
From: Pancho Villa  Read Replies (3) | Respond to of 45548
 
Valentino>>I can't believe what a bunch of crooks run the market. Analyst Eric Blachno of Bear Stearns hit this inventory writedown story right on the money about a month ago (whenever the stock dropped from the 40's to the 30's). I tended to discount his opinion since no one from 3Com <<

I agree with you 100%. I averaged down on the price decline because I thought COMS, beeing [a serious?] company, remaining silent, meant that what was going on was the usual crowd panic. If they knew what was going on, they should have informed ALL investors! The stock would have taken a single big hit down instead of having people with the "insider information" make money trading. IMO this is penalizing the long term holders of the stock. Shame on them!

Pancho