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


To: joe who wrote (21117)9/1/1998 1:13:00 PM
From: Steve Porter  Read Replies (1) | Respond to of 45548
 
joe,

Also, have you seen the outflow of money from the net stocks lately. Maybe this little correction we have had is what was needed to smack some sense into the market. To some extent I am glad what has happened has happened. There was too much irrational exhuberance in the market place which is really what caused the instability. Now that people have had a good smack upside the head, I expect "intelligent" investing to return.

What is "intelligent" investing. Well it's not creating companies with 10s of Billions of dollars of market cap that have no earnings to speak or (YHOO). It's buying strong companies with dominant or at least secure positions in their industry. It's buying the aforementioned companies that will grow earnings and market share.

All of this bodes well IMHO for COMS.

Steve