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.

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

To: let who wrote (16200)	5/27/1998 1:26:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>Another consideration is June options, not just on COMS, but all stocks in general. I think the mkt will let them mostly expire worthless.<< I'm not an options expert by any means, but there probably is a lot more hedging using options by all the MMs who are trying to lock in the tremendous profits they've made this year. I think all this option action in the market will just add to the volatility. Right now, it seems to be that COMS is partly following the market, not a lot of buying on the dips but a noticeable amount. But whoever is buying, is content to let the market drop when it wants to. I'm trying to figure out what the last 2 hours or so are going to be. Are we going to get more dumping like yesterday, or buying on the dip. This will tell us a lot (IMO) about the severity of the correction. >>Earnings should be pretty close to expectations, as most have guided analyst lower and the stock prices have factored that in already.<< Not much guidance from COMS. At the moment, the only clues ANALysts can get is how much COMS doesn't say. It seems like a earnings disappointment is being priced in to the stock. But not so much COMS-specific, but Market-wide disappointment, as VINMAN was relating to as far as PC sales.... I think though that it's different with COMS as compared to DELL, etc. - high expectations were present for DELL, or some of the others, but COMS has not really had any high expectations at the price it was 2-4 weeks ago. >>Conference calls will be of the utmost importance. I just hope COMS answers the questions that are hanging over it.<< Yes, everybody is waiting for this, moreso than usual because we can't seem to dig very concrete facts with the present data available to the general public. That's why, one has to approach the value of stock from a longer term perspective; 6 months out. If you're absolutely doing a trade expecting good earnings this quarter, you're making a gamble - personally, I think there will be positive news, but I don't have a lot of hard data to support this. I'm hoping for a good report, but I'm mainly a long-term trader, doing some occasionally trading here, so as not to minimize my loses on this general market downward turn. (didn't have to proof this, so I know there may be some word jumbling - don't laugh too hard about it :-) ) joe

To: let who wrote (16200)	5/27/1998 1:34:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

Quiz time again (let's try to make this fun - if possible): What's the ending price today? (Do you believe market/COMS will buy at the dip, or will market/COMS be like yesterday - solid selling) I think we'll end at 26 3/4. We will get a slight, dip and slight profit taking at the end - even things out from here. joe

To: let who wrote (16200)	5/27/1998 3:06:00 PM
From: Lost in New York	Respond to of 45548

. . . Conference calls will be of the utmost importance. I just hope COMS answers the questions that are hanging over it. Inventory.. revenue growth modem sales.....(which I wish they would develope a cable modem too) They have been developing cable modems. The oldest press release I could quickly find: 3com.com Dave