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

To: joe who wrote (21010)	8/27/1998 8:38:00 PM
From: Steve Porter	Respond to of 45548

Joe, I'm not ashamed to say I have done very well the last 2 years in the market. And this despite riding some stocks that I should have known better than to ride.. I'm not too worried ;-) Well who sold 7,492,300 shares today? Now, this is still very low volume considering how much we slid down today. Joe; Am I to assume from your statement that you think the big boys did that. Look at the day.. all tiny little trades.. it was the little guys selling and big boys starting to accumulate.. you're taking the negative view. It's the old half full/half empty scenario. I am thinking half full. For example tonight on CNN Moneyline some _correctly_ pointed out that Russia doesn't matter much to the US economy at all. About time if you ask me. AND, why weren't the buyers scooping up right at $28 1/2 to $29. It looks like somebody was smart enough to know that those shares had to sell (who would sell COMS at $27???), so they made that seller get on his hands and knees to sell<g>. How many "little" guys are savy enough to do this??? Think about it. It's the big boys forcing the little guys to sell. COMS is _VERY_ undervalued compared to other high-tech stocks. The big boys know this and will rectify it. I mean look at all the upgrades coming up now.. you have to put _ALL_ the pieces of the puzzle together to make it work. Low volume brings out big volatility in both directions, so anything can happen... Yes it can.. and if you expect these kinds of things you can be ready for it and hopefull make a killing on it. I'm not trying to scare you, really<g>. I've been in your shoes twice already<g>. I'm just trying to prepare you for the feeling when those 2K shares will be at 24 or 25. Don't worry, you will see 30, believe me. But, if COMS hits 24, you will adopt my rule about COMS..."NEVER RELAX WITH COMS". 27.5 to 24 is only about 11% down. That would still leave me up on COMS for the last 6 weeks. "What me worry?" alfred e. newman >>Nope this time I am shooting for the 40's.<< I'm shooting for $100/share minimum.<VBG> Yup, you've completely lost it ;-) Steve