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


To: craig crawford who wrote (12143)12/11/1997 11:03:00 PM
From: Dwight E. Karlsen  Read Replies (2) | Respond to of 45548
 
Craig, since I had puts I had to make a call. I think it was the right thing. At least I covered at a good time intraday, and now the money is in other things and cash. Occasionaly wall street decides that earnings don't matter, and I think COMS is in this unique situation right now. COMS has dodged the Asian bullet with skill and some luck (56K std being announced now).

Anyway, certainly I wouldn't worry about "waffling or backing down" if you decide to cover. I still don't see much upside in COMS, but for now (this week, anyway) the stock seems strong enough to hang in there. Besides, if COMS makes a run to $40 or so, you can always jump back in.

DK