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.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (5433)	3/24/1998 1:22:00 PM
From: Rev Paris Green	Read Replies (2) \| Respond to of 18691

I have been bearish on 3COM since it merged with Robot. USR was a jinxed stock (OK I am not a technical analyst, or could you tell), and 3COM has inherited that jinx. Casey sold it for a good reason, and I believe this will dog 3COM for quite a while (4-6 more quarters) longer. Regardless of how positive analysts claim to be about this stock, every pop in price has resulted in profit taking. This earnings carnival will pass through regardless of what 3COM reports, and the decline will begin soonafter. 3COM also plays 2nd fiddle to CSCO, and even though I use a USR 56k, I do not find it anything special except for being pricey (their price has been dropping a lot lately, have you noticed?). That, in brief, is the reason for my fundamental bearishness on 3COM. Best case scenario, 3COM beats lowered estimates, plays with the $40 mark for about 5 minutes and then sells off. Likely case scenario, 3COM beats lowered estimates, but announces slowdown in Asia which slaps it down a la JBIL.