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

To: joe who wrote (18848)7/8/1998 1:43:00 PM
From: blankmind  Respond to of 45548
 
i see mgmt knowing they need to take control, not only of the inventory buy of street expectations. mgmt is now taking a very conservative spin on expected events, but they are giving a prediction and guidance, so they can beat the low predictions they will cause.

i still do not believe we shall see below 28, and have expressed that opinion previously.

i just do not expect coms to jump, only creep up in price.

i am surprised coms is under 32.



To: joe who wrote (18848)7/8/1998 2:51:00 PM
From: blankmind  Read Replies (2) | Respond to of 45548
 
i have been thinking about who is purchasing coms today, and believe i have found the dolt.

we know investors and fund managers are way to smart to be purchasing until it drops below 28 or 27 1/2 or 25 or...

it must be coms mgmt repurchasing there shares. coms mgmt would be the only dolts buying at this level. everyone knows the stock will retest the low of 23. i have sent ir and mgmt a note to stop buying and wait for the pullback.


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