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


To: Dwight E. Karlsen who wrote (12121)12/11/1997 3:41:00 PM
From: Alok Sinha  Read Replies (2) | Respond to of 45548
 
I had purchased some Dec 37.5 puts (on Monday) to cover my long positions going into earnings. Bailed out today at 3 3/8. For some reason this baby is shoing too much strength at the sign of any rally. Will try to buy some 35 puts cheap if it gets to the 37 range.

Happy investing (or should I say trading)



To: Dwight E. Karlsen who wrote (12121)12/11/1997 8:41:00 PM
From: craig crawford  Respond to of 45548
 
Here is the IBD article on competition of networkers.

Message 2941782



To: Dwight E. Karlsen who wrote (12121)12/11/1997 10:44:00 PM
From: craig crawford  Read Replies (1) | Respond to of 45548
 
<< Craig, check your e-mail. I covered when COMS was still down 1-1/4. Now only down 1/8. >>

Got your email. I get dozens of emails all the time (maybe it's due to my inflammatory remarks-- ya think?) so sorry if I don't get back to you right away.

Still short. Don't know how much Asia is going to help out tonight (Hong Kong holding up ok) and S&P's are only down a couple of points. That will probably mean COMS up 2 or 3 points tomorrow <g>.

Is this thread gonna hold it against me if I cover? I still believe COMS is going to see 25 before 45 but it looks like it will take a while. It might be more prudent for me to move the moolah into something else for the time being and then short again when the downside momentum starts back up. I don't want to be accused of waffling or backing down, but I have to make money, ya know?

Right now I'm looking at a measly 1 point profit and who knows what happens tomorrow.