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

To: jhild who wrote (15211)	4/15/1998 1:42:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

Mang and jhild, I'm definitely not an expert at options, so that's why I'm trying to think this through on the thread. It seems that you are both consistent in a way. If COMS goes up because of INTC, then shorts will cover and possibly lots of those out of the money calls will start looking doable. Is it possible, that some type of manipulation can push things up. Anotherwards, a big holder of the calls will somehow push up the price? This is how I see that the price can be pushed up: I've noticed in the last week or so, ever since COMS has moved below 35, it has all been on low volume. The lower COMS drops, the lower the volume. I interpret this as a possible short squeeze. All longs like myself are still locked in a death grip :~) and I will buy more if price goes to the 20s. At the moment, no real buyers exist. I would think that future buyers are keeping a look out for positive news, since there is no rush to buy COMS. Plus future value investors figure they might as well wait for shorts or whatever to push the stock down further. Of course if INTC pushs the market down, then COMS will have more shorts on it pushing it down to 30-31. (I don't think this will happen because I think INTC's results were positive enough for this very forgiving market) Does any of this make sense? (it is rather late at night...) Let me know, this could be a good opportunity to go long for 3-6 pts??? Can anybody else figure this out? Joe