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

To: The Vinman who wrote (14671)	3/23/1998 8:33:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Vinman, Sorry, I didn't realize you actually disagreed with Craig. So your even more negative on COMS that I realized. Whew! I'm not saying your wrong about thinking COMS will have a big blowout - but how can anybody tell? To me it's a gamble to go short at this point. A lot of negative news has been priced in. Sure earnings could be worse than expected, but at .14c they've set the bar pretty low already (IMO). Okay, so you're saying the disk drives inventories were worse than expected. I don't follow the disk drives much, but how much connection is there between the disk drive problems and the modem problems? <From my perspective if you are currently long, you lack perception with regards to the current state of the business> I'm trying to be realistic. I think hi-tech is presently in a mini-recession. Hopefully not for long. I put my money on COMS for long term because I think they'll get their chance in the sun in 6-12 months. I could place a short bet now because I think tech is pretty negative right now, but I think it's already been priced into the market, making it riskier. I'm satisfied to just hold and wait and see, with a stock that I feel will go up when the dust clears (probably a while). I think the current price is good at the moment for a long. Doesn't mean that there isn't risk. But, if it drops in the 20's, and stays there for a while, so I can get a chance to buy - wow!, pricing in present value of long term profits (and totally ignoring the short term outlook), it would be a very good deal (IMO). Question: At what price will you go short on COMS? Joe