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

To: craig crawford who wrote (15068)	3/31/1998 9:17:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 45548

craig: To add my two cents to Joe's comments, I found your comments on why COMS was a great short to be generally clear, reasonable and logical, even though I was long. All of a sudden your posts are of the nature of "Buy COMS!!!!!". I'm not sure whether to take you tongue in cheek or whether, after your long, active campaign as to why COMS was a poor investment, you have switched tracks and see COMS as a screaming buy now, even though virtually nothing has changed; fundamentally, price-wise, or ... . I'm not criticizing you. I'm asking that you share your view of why you have all of a sudden changed your opinion, as I will find your reasoning valuable to bounce my perspective off of. After all, isn't that why many of us are here; to gather potentially useful information and test our reasoning? If you want to rip my post apart sentence by sentence, go for it. It's your time, not mine. If you want to argue, you'll have to do it without me. If you are offended by the fact that I find your reasoning valuable, OK. But I am interested in hearing why you think the same ol' COMS is now a flaming buy, if you have sincerely adopted that position. Thanks, craig. (Hey, all that fame from the article you were in the last Smart Money didn't push you over the edge, did it?) ; )

To: craig crawford who wrote (15068)	3/31/1998 10:02:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

<<Where have you been for several months? >> I've been reading all the posts since around beginning of December. So I've read all you're posts since then. Yes, I started posting a few weeks ago. So you probably know my position. I'm investing for the long term. My expectations for COMS are that it start showing very concrete signs of improvement by Jan '99. Good chance that the turn around starts sooner. I started accumulating COMS last May/June. I did research on the company and liked the story. Mostly I'm very bullish on the network sector for the future. I see CSCO and COMS as the two companies best prepared to handle all the ups and downs coming up in the next few years. <<Why don't you demonstrate to this thread what credibility you have>> I don't think that we're here to compete against each other. (At least I'm not interested in that.) I think most of us are here to see if we can learn something new to improve our investing positions. I've been right and wrong about COMS. I was wrong back in Oct/Nov when the stock started drifting sharply downward, due to the accounting/inventory problems (caught me unawares - should have been more alert). I stayed in because I didn't see any change in the quality/expertise/vision of the company, just to name a few attributes I like. I've also been encouraged by the way COMS has been dealing with their problems since December. I've been accumulating more COMS since then, as it progressively goes down - considering it more and more of a bargain price. I think I was right about saying in my earlier post somewhere, that we've seen most of the bad in COMS (still could get worse, but more likely to go up - this is looking at it from the fundamentals of the company; not market movement which is another variable - think that market movement will also move it up, but I consider that more speculation and don't like to rely on this kind of thinking). << So, I guess you're betting on the market pushing the stock up - pure market timing; is this correct? >> <<Keep guessing.>> So, does this mean you've become more optimistic about the fundamentals? I respect your opinion enough to want to know the reason for the change. Lately, though, I wonder if your being more whimsical, less honest to the thread. <<I already explained my reasons. Go read my posts again.>> Like I said, I've read all your posts since beg. of Dec.. From what I've seen your hugely negative about COMS. You've never said one thing good about the company. So, I'm surprised that you're buying. I know you think that lately, many bad companies/stocks are getting bought anyway because the tape is rolling that way - "don't stand in front of the tape philosophy". But, I'd be surprised to see you bet this way for a while on COMS - from my observations of reading your posts. So, is there anything new in your reasoning for changing your position? Or are your posting standards dropping? Joe