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: craig crawford who wrote (11911)	12/9/1997 2:30:00 AM
From: FISHERMAN	Read Replies (2) \| Respond to of 45548

Now we have the whole disk-drive sector in trouble, the semi-equip sector in trouble, the #2 networker missing earnings badly and now the #2 software company in the world missing estimates badly. Throw in concerns about wireless and something's got to give in the tech sector. I am waiting for earnings season with open arms. Only a couple of weeks until we see some major tech-wrecks due to missed earnings. Craig, you observations are most astute. (While I was aware of problems with some companies in the sectors you mention, I never looked at what the combined effect could be). But don't you think companies like COMS,ASND,SEG,etc. have been pun- shed enough? If I were required to either short or go long on COMS or ASND, I would go long, (as I am now).

To: craig crawford who wrote (11911)	12/9/1997 5:48:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 45548

It's never that easy. Shorting a stock the instant bad news hits is a recipe for disaster. If it's that obvious your too late. Not true that this never works. I present INTC as evidence. Earnings announced, next day stock drops 5 pts to 86-87. If you look at the chart, this was a perfect time to short. Didn't take long to see 10 more points to the downside. I think that in any case, a stock will eventually gravitate towards a fair price. In COMS case, I dare to say that this is an apex here at 38, and represents a high valuation that will not last. DK