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

To: William Wang who wrote (19693)	7/26/1998 12:19:00 AM
From: Will Hou	Read Replies (3) \| Respond to of 45548

William, thanks for the encouragement. But to be honest, I have yet to get a good picture of COMS, esp on the management side. Disclaimer: by all means don't take anybody's words for it, either amateur (like me) or professional (like you hehehe). I'd like to understand all aspect of the stock before I jump in, at least upside (best case) and downside (worst case). I hate to see myself in a situation, like got killed and dono what even hit him/her. Fall in love with a stock can trick intelligence into foolishness, so I've been told. Love is blind, some say. Who knows. It seems coms might have touched the bottom here, least by the earnings forecast (of course that could be easily changed). If we can trust TA a bit, COMS is in a downward trend with narrowing triangle, base around 23 and approaching convergence as we speak. With a minor correction (another 5% on top of what we've already got), COMS could hold this pattern and things could turn around (provided Asian impact will be short lived and will not drag down US growth big time). Otherwise, 16 might be next stop. Right now I am slightly bullish on the stock, pending on further info. It could be a good play for both short term and long term, if you get some LTHAD (00 20 for $10-11) and sell THQIF (Sept) or THQJF (Oct 30 for $1.5-2). That's a safe return for about 20% in 3 months, if it doesn't drop below 23 by Oct. In this case, you are protected down to major support and enjoy all the upside. Like to hear your comments on this. All intelligent flames welcomed. Thanks. Will