Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Porter who wrote (21070)	8/31/1998 10:13:00 AM
From: joe	Respond to of 45548

Steve, >>What are we investors to do.. go and hide under thed bed, or run down Wall Street screaming buy.<< That's the essence of what's happening. That's what make this market tension filled if you don't like pain. (for instance if you're leveraged somewhat as I am at times) Sheesh, just checked the COMS price == $25. My take, is we will go lower, but it is not the end of the world. I am still assuming that we are in very good buying opportunities....but we have to hold out a bit and wait and see. I lightened up a bit at 26 3/4. That was 20 minutes ago. I could rebuy at 25...but who knows with this friggin market. I mean HK goes down 7%+ and that's not going to make people around the world think? I think you're we're basically OK. We may luck out and COMS will be the new evolution of companies that can make $$ in these new times... I'll get back to you later, I'll be watching market carefully all week. >> I mean that really appears to be the only 2 options these days. It's either one extreme or the other..<< Volatility, name of the game. US superpower, safest place on the planet. The rest of the world is slowly going down the trash can. Schizoid, our markets reflect that. That's my take for the moment. Ahh, I see a slight snap-back.... good luck, joe

To: Steve Porter who wrote (21070)	8/31/1998 10:26:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, People bailing out left and right it seems. COMS == $24 5/8 DOWN = $1 7/16 VOLUME == 1,032,600 TIME == 10:18:15 this is somewhat low volume. Why? accumulator's taking advantage of panic mode by retail sellers, or maybe all buyers are wondering if they should be buying? If you buy, you have to be sure you can live with your price. I think $24 is a steal, but if DOW is down 500-1000pts, is is still a steal...probably:-) Hope some yo-yo comes and says that we should have seen this big drop with TA...he will be scorched. Another bounce back. Sell and buy back later? Nah, doesn't look like institutionals are bailing. Hah, COMS volume verrrry low. DELL, MSFT and others, volume is huge. joe

To: Steve Porter who wrote (21070)	8/31/1998 11:00:00 AM
From: joe	Respond to of 45548

Steve, The bad news: we're down about 5.5% (price oscillates frequently) The good news: We seem to be stabilizing between 24 1/2 to 25. But we can't really call 1 hour stabilization. I never went to Las Vegas. I don't think I will ever need to go, it would be way too boring compared to this market. <gg> joe

To: Steve Porter who wrote (21070)	8/31/1998 11:27:00 AM
From: lib	Read Replies (3) \| Respond to of 45548

Steve; Don't feel so bad about where you entered this at - I suspect you don't anyway - I bought at 28, and am planning on placing margins on this soon. My question is, is it now possible that COMS could drop below its 52-week low if the market happens to continue to go down for the week? I would hate to be called on the margin if I enter in around 24 and it continues to drop. TA is pretty much out the window here on most stocks, and many people are understandably very reluctant to buy until stabilization occurs. But how can stabilization happen if nobody is buying? This could get really bad here for a while, and the way I see it improving is if the fed lowers the interest rate as a means of attracting buyers into the market. How else can the market become attractive with the volatility happening? The price on COMS is a screaming buy, but how can you express that to an investor when he/she sees the market continually go down without a possible bottom in sight. Can a scream buy rating be followed up by an even more positive one if COMS breaks the year low?