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: Wayners who wrote (22656)	10/9/1998 4:55:00 PM
From: put2rich	Read Replies (2) \| Respond to of 45548

Wayne, Why short COMS when there are many suckers deserved to be short? Put in another ways, COMS already beaten, many see as a bargain, market is very bullish again after string of bad days, the gain for shorting is small the risk is higher? Why didn't you find scam stocks like FP LBOR... or stocks like LAMR to short? Thanks

To: Wayners who wrote (22656)	10/9/1998 4:59:00 PM
From: matt fahy	Read Replies (1) \| Respond to of 45548

Wayne,joe: I wouldn't short COMS at this time personally, but I do see Wayne's strategy as viable because: Monday should be a slow day due to bond market closed, etc. If gap up does happen I think it is very likely (odds in Wayne's favor) to go back down due to lack of investors on MONDAY to continue market surge. Also, don't think major news will be released if all investors are not "in the game" MONDAY. Just a few thoughts... Matt

To: Wayners who wrote (22656)	10/9/1998 5:09:00 PM
From: joe	Respond to of 45548

>> If it keeps running, my buy to cover stop would get hit. I place buy to cover stops at the same place I'd put a buy stop order.<< Wow, that's a lot of simultaneous orders. I feel nervous just thinking my online-brokerage will screw up somehow or another. I always feel that I have to watch them closely. It's very irritating when you have to wait 5-10 minutes for confirmation...it can drive me nuts.<g> >>That's right, it depends on how sentiment builds this weekend, the overseas markets and the S&P Futures contract on monday.<< I will spend this weekend reading the economic news. COMS fundamentals are sound. It's obvious that in a market friendly environment, buying is pretty good as of late. The COMS tape runs well with good news. The key is what the economic ramifications are at the moment. This week has had an incredible amount of news which I'm sure a lot of economists and analysts are having to really scratch their heads over and need time to digest. >>Just trade with the trend my friend.<< Yes, the first hour-to mid day I think will let us know whether we will retest 23-25 again. Today's midday trend told us not today. I think that's what you're saying. One minor disagreement though. I think these MMs will keep flatlining that trend and then suddenly surprise the hell out of us and drop the price by 1/2pt to a full point in a very short time period. Likewise, the opposite at times on an up tape. I just got this book on how the MMs work. I'm going to read it and see if I can learn anything useful. I'll try and keep in touch over the weekend... Have a good one. joe