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

To: Eddie Kim who wrote (16407)	5/30/1998 1:17:00 AM
From: hitesh puri	Read Replies (3) \| Respond to of 45548

FWIW, I bought a X2 modem a few weeks ago. Needless to say the speed difference is very noticeable for all the stuff I do from home. Yahoo quotes, Street.com, Briefing.com, Surfing, Mail etc. I usually connect at 44k-49k in the day but at nights I see the connect speed of 115200. I thought that the Serial IO max limit was 57k. Anyways, I do believe that for the next couple of years there will be alternatives like cable modems and ADSL but they will cater to the early adopters. Mainstream product will still be 56k analog modem as its the best deal out there which is standardised, simple to install, easy on the wallet (I pay $9.95/month to Web America for unlimited usage) and just enough speed for what most people need it for. Today an article talked about ADSL and Cable modem chip sales tripling but look at the comparitive numbers. Less than a million of those versus 26 million analog modems ?! It really took 2 years for 56k to be readily available in a standardised way since it was introduced in 1996 and we all have seen the confusion and hurdles along the way. I find the confidence analysts have in ADSL or cable modems being readily available in such a manner very hard to share, especially in the short-intermediate term. TI already has started shipping their ADSL chipsets so rest assured 3Com has the ADSL modem ready to go but it has to wait for the opportune time to push it. I am still betting on a 56k/ADSL modem combo to show up from our favourite dog. Its one of the bones he had hidden and will be digging it up. -hitesh

To: Eddie Kim who wrote (16407)	5/30/1998 11:28:00 AM
From: Wayners	Read Replies (2) \| Respond to of 45548

Well whoever was accumulating at the end of the day at $27 certainly had a lot of bucks to throw around. I don't know too many amateurs that have enough money to buy 5,000 share blocks of COMS one after another after another. Its my belief that this market is dominated and thus the short term price moves, by professional traders. I almost feel like its a conspiracy whereby the media tries to make everybody believe that the professionals are mostly buy and hold to get the amateurs to buy and hold when in reality the professionals are trading like crazy and taking every nickel and dime they can from the amateurs. The professionals rely on analysts, their pals in the media to influence the amateurs individual sentiment 180 degrees away from how an individual issue or index is actually going to move. Maybe I'm just paranoid, but this how I really see it. The stock market is a game designed to take money from the nieve amaeteur investor and put it squarely in the pockets of the professionals. I believe that insider trading is rampant by the professionals, and I'm not talking about institutional investors that really do buy and hold. I'm talking about professional traders that trade with big bucks. Now on COMS I probably shouldn't have said the pros knew COMS was going to gap up, but I will suggest that they knew that COMS would go up to $27 1/2. I think the reason why pros mess with COMS is that it does have the high volatility and volume (i.e. LIQUIDITY) that is so essential for professional/big dollar trading. Run a scan sometime and see how many companies out there that trade an average of 2M shares per day. You find there are not that many. Thats where the pros turn to for trading. Again, I think the media makes us try to believe that the "pros" aren't big traders. The media may be talking about institutional investors---but what about other high rollers out there that are not instutional investors. Nobody ever seems to want to talk about them. They are out there, and are more dominant in this market than ever before. There is a whole new huge crop of amateur investors in there thanks to the bull market, low brokerage commissions and the internet. Its the job of the professional traders to take this groups money. Look at all the amateur investors on S.I. that are new to the market. I don't know how bucks you friend has, but can he/she afford to buy several hundred thousand shares of COMS? Just some thoughts to ponder.