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


To: allen menglin chen who wrote (12171)12/12/1997 12:26:00 PM
From: craig crawford  Read Replies (3) | Respond to of 45548
 
<< Hi Craig, I have finally joined SI--part beacause your
negative comments on COMS :)--Do you want to short COMS
again in the range of 35-38? And do you plan to cover
your short before 12/18, or after 1/1 (do you still hold
your short position?) ? >>

Yes I still hold my short position and I decide whether or not to cover or not on a day to day basis. If I had it my way COMS wouldn't see 38 again and I would be shorting more on the way down not the way up.

But the sad reality is COMS is showing better relative strength than the rest of the group. I picked the wrong one out of the group to short. (In this latest round. I made plenty shorting COMS a month ago.) I was always taught to short the weakest in the group not the strongest. IMO COMS is the weakest along with CS and C$CO is the strongest. Yet C$CO (due to high valuation) is making the shorts the most money.

You win some and you lose some...