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

To: joe who wrote (20998)	8/27/1998 6:27:00 PM
From: matt fahy	Read Replies (2) \| Respond to of 45548

joe >> I liked what I saw for a while where COMS buyers came in on a big dip and raised the price very nicely. It just didn't keep up long enough and sooner or later, the stock will follow the market it seems.<< This decline in coms is all market driven, just craig has said, have they turned the business around, is palm doing ok or great, is USR integrated? I believe the answer to all of the above is YES! BUT, the market will dump coms in a bad market, which this is. I expected this no big deal, st paper loss. Even in a bear market, if coms reports ok #'s where do you think the stock can go? I don't think it can go below $24 because coms has been through its bear market and valuation is already adjusted. The internet stocks have the most to lose. Do you think DELL will go into a bear market, no, could its valuation be adjusted down, yes. Give it a few weeks, that's all, going to be in low to mid $30's in Sept. It's time to back the truck up and LOAD UP on the COM$ shares. matt

To: joe who wrote (20998)	8/27/1998 6:30:00 PM
From: Steve Porter	Read Replies (3) \| Respond to of 45548

Joe, Well either I am completely insane or I am smart. I think this was it. You will hear in the morning (I pray) that "over night the Russian market stabalized as the Russian government announced a solid long-term solution to the countries economic woes". If that happens I will be incredibly rich in like 4 hours ;-) As for getting back into COMS my orders (which both filled) looked like this: BUY COMS 27.50 1000shrs BUY COMS 27.00 1000shrs So I will either make a killing of get killed. In addition my plan of only putting 25-40% back in went out the window. I loaded up on some AMD at the close. (A LOT of AMD at the close). I also picked some NSM and QNTM. I _MUST_ be insane. OTOH if you figure that the most buying occured in the high-tech sector the last month (thus the 2.4% rise in the whatchamacallit) and people will eventually see this I should do allright. But I am real nervous about the AMD and NSM.. I will watch those like hawks. RE: Also, I reread the Chatman COMS reit. It says, ''We expect a few more days of overall market weakness, followed by a broad-based rally after Labor Day.'' I think they may have a point. I think this was as much weakness as the international governments can stomach. The will jump in if it gets real bad to bail out russia... Russia doesn't worry me at all. Any worse and they will get "Saved" by us. Re: But, to get to COMS == 24 would mean the DOW drops another 500 pts, IMO. It will have to get really nasty. What do you think? I think you are insane if you think the DOW will fall another 500 pts and COMS gets to 24. Can't see it happening. Steve