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

To: joe who wrote (18034)	6/23/1998 10:58:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 45548

joe--- I think we are all value players to some extent. COMS has to show at some point they have value to those that play more than hold.As long as we see value and some appreciation we stay and even add to positions. More than two qtrs and they will have to prove it to the entire street before traders believe them again. No stratagy is better than another--- as long as it works and the individual is comfortable it is right. I think most traders (other than day traders) have a loose plan on every issue they buy. I use the 20% rule very strictly, but not etched in stone. I believe the currant traders in COMS are mostly betting on an increase. At this point I am not even looking at breaking even, just curtailing losses to go to another sandbox to play in unless they really show me something. No promises, sweet talk or bullshit--- show me THIS time. Good numbers will see us over 28 and rising... great numbers and we will be over 30 - 32 quickly. Bad numbers and it is a drop to 24 to stay for 3 - 6 months minimum. After 2 bad sets of numbers it is hard to get people to trust in a company and they have to prove they are good and the good numbers are not a fluke--- harder and more time is required. That eliminates the traders and institutional buyers... that eliminates the momentum players and the price languishes if it is lucky,,, if not lucky a steady slow, hardly noticable decline. Me ---- looking for good things Wed evening. At that point we will see more entering the stock instead of leaving. Bad numbers and if I were a "holder" would be looking for serious mgmt changes --- FAST! john