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

To: William Wang who wrote (19823)	7/28/1998 6:48:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

>>Joe, the market has recovered half of the loss at the end while 3Com closes at its lowest price of a day. I don't think the continuing of taking excuse from market's downturn will help 3Com holders here. Anyone makes mistake, but trying to cover it by making another mistake is a blunder.<< Right now the market is in turmoil. I don't know if you agree or not, but to me it's obvious that none of the major big caps are working well. People have enough fear already of buying MSFT, CSCO, DELL, etc. The trading on these majors is a roller coaster ride. I would strongly say that most are staying away from these, and people who do buy these strong stocks are doing so because at least they have strong credibility. A stock like COMS, with all its problems, is just not going to be bought in this type of market, unless it gets to a really ridiculous level. That doesn't mean that there aren't other things wrong with it (but none of us know more than what we last heard...last we heard was a good cc and earnings report; maybe some people think that Eric B. has done something behind our backs to make the stock go down, but that's just plain guessing). So, IMO, COMS will not go up in this kind of market. Whether this market is masking other problems, there's no way of knowing. Anybody who assume's fundamental problems when there hasn't been any indicated is IMO jumping to unwarranted conclusions. If somebody wants to sell because the price is below their threshold, then that's another story...but let's not make up all kinds of stories merely because the stock price goes down. BTW, last week was the biggest % down week for the DOW and possibly the NAZ since the beginning of the year. Who knows if it will get worse or not? Why would somebody buy stocks now unless they really wanted them? Stocks like DELL, MSFT, CSCO are on that type of list. COMS is not a "must have" stock so it obviously not on that list.