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

To: John Meares who wrote (16084)	5/25/1998 1:58:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 45548

COMS at ~27. How low can it go under the current environment. It went down with ASND last year, now it's back down again. (Got burned last year!!) John, This is just guess work as you know. The problems I see with COMS could permit the market to take it to $25 particularly since a slow tech correction is occuring. I wrote puts for COMS at strike 30 for June and this coming Jan. I got burned very badly last year too. I rode both COMS and ASND down. I bailed COMS long shares but kept the ASND which turned out to work out well. It appeared as though the problems with ASND were short term and COMS did not have a solution in sight. The still appears to be the case. I hear things such as tech "swoons". What about fundamentals or tech rebounds? We did have a networking rebound. The NWX hit an all time high Jan 1997. It also hit an all time low last summer. It hit another all time high about one month ago but has been trending down since. I am anticipating a continued slide until the end of the summer. Glenn