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


To: purecntry5 who wrote (11337)12/3/1997 10:22:00 AM
From: vegetarian  Read Replies (2) | Respond to of 45548
 
I agree, I have seen this phenomenon of late: where a stock with
large institutional holding warns of earnings, it does not dip immediately but takes about a week to 10 days to seriously tank because those folks are unloading while suckers think it is a bottom and buy buy buy.
Sure there will be a bounce in a few days to 32-33 after initial selling but that is an opportunity to sell more because then the real downward movement starts.
Found this with SEG GTW XLNX and others too many to mention recently.
Looks like the incurable bulls still don't want to beleive there is a problem withthe beloved company (read Craig's posts for more analysis).



To: purecntry5 who wrote (11337)12/3/1997 10:24:00 AM
From: Marcel  Read Replies (1) | Respond to of 45548
 
Selling intesifies...maybe the presentation isn't going so well..we broke below 32...

free tip: in a downtrend, use any rallies to sell...greed'll getcha everytime



To: purecntry5 who wrote (11337)12/3/1997 4:13:00 PM
From: Martin Milani  Respond to of 45548
 
well...look at the PE..next years's "CUT" projections...do some calculations on your own...and low 30s is a great price for this company...now a lot of these downward revisions are done by the same idiots who about 12 weeks ago came up with all kinds of upward revisions..so you might have to do a little homework yourself..and if you do look close enough ..you see all the houses that downgraded were buying heavy this morning...now how is that for confusing..!