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


To: joe who wrote (23123)10/22/1998 3:03:00 PM
From: matt fahy  Read Replies (1) | Respond to of 45548
 
joe,

>>OTH, if your stock is going up because of a rumor, you
can be sure it's going to take a plunge at least short
term. Figuring out when can be profitable.<<

The main difference with Fore is that it has been in the dumps unjustifiably for its Berkely purchase and although the rumors have helped so has the rate cut, etc. The rumor of LU buying companies is not new especially with Fore because it is reasonable to think LU would buy Fore, I am not as convinced with LU buying COMS, but that could happen. If Fore would have shot back up to $20 then I would agree and expect it to come back to $17 range. I think it is closing the down gap from $16=>$12. jmo




To: joe who wrote (23123)10/22/1998 9:31:00 PM
From: matt fahy  Read Replies (1) | Respond to of 45548
 
*OT* Re: rumors

Take a look at fore's daily chart today. LU conference call at 11:00 Fore jumped bigtime around then when the rumors came out. I sold the rest of my position at $15.5 and bought back later in the day at $15, it may have some more upside to go. I think LU will buy someone and have held fore since they are the most likely midsize networking company with good technology to be bought out, if not LU someone will imo.

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