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


To: FUZFO who wrote (21096)8/31/1998 7:43:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 


>> I am still alive!, all in all I am not that beaten up. <<

Good for you!!

>>Consider COMS is back to where we were 3-4 weeks ago but the rest of market is back to 1997! If this is the bottom then I say NO PROBLEMO, been there done that ($23 and change).<<

Yeah, this is my third time down here since May. 30% swings are
a way of life with COMS. Some posters were even here in Spring
of '97 with a "very brutal" drop from 80-60 range
to mid 20's.

My plan; I think the bottom is going to be a little lower
than our 52-week low. We will have a couple of moves upwards
for a point or two, but I don't think we're ready for any
breaks into the 30's for now(sic). In the past, I've always wanted
to make sure I was on board for the big move up. I think this
week and maybe longer (depending), I'm going to sell some
into strength, and start looking for buys down at 22 or so.
This will position me better when the market gets healthier
and if I'm lucky enough, I can make a few $$ on a trade.

I think we'll get this up and down stuff quite a bit. Like
this morning.

any comments?

joe