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


To: blankmind who wrote (18550)7/1/1998 12:01:00 PM
From: Mr. E2u  Read Replies (1) | Respond to of 45548
 
I know I've been badmouthing Briefing Com lately but I do like their "IN PLAY" page. I bought 2000 shares of MDMD at $5 1/4 when they mentioned it on their page and I sold it for $ 6 7/16 within an hour. Some of you day traders may want to check it out. It plummeted 75% on an earnings warning. I still think it will go above $7 plus today or within the next few days so I may try to get back in at around $6 if I can. Could also be a good longer term investment. The stock was at $26 a few months back.

As for coms I sold my Jul 30 calls because they are getting to close to expiration and I wanted to lock in 160% profit on them. As for my Jan(99) 32.5 leaps I'm still holding 45 contracts with nearly a 200% profit from when I bought them a few weeks ago.

If we ever break down through $30 I will buy up some more with my cash on hand otherwise I'm holding for a break through $32.5 resistance and may consider selling half of them at around $36. Overall I'm bullish on coms and would like to see that stubborn resistance 32.5 broken. BTW I'm very rarely up this much on my holdings so don't think that I know what I'm doing...... however I'm very pleased with my recent profits.

Regards
Brad



To: blankmind who wrote (18550)7/1/1998 12:41:00 PM
From: William Wang  Read Replies (1) | Respond to of 45548
 
I was expecting COMS to open higher with high volume today after the analyst meeting. But COMS could not hold the early gains plus no positive feedback comes out from the meeting. I think it's time to bail out temporary and wait for another re-entry point.