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

To: Wayners who wrote (24537)	11/13/1998 10:32:00 PM
From: chenys	Read Replies (2) \| Respond to of 45548

Wayne: I have told you, there is an invisible army following you now, you better be careful of what you say. When you said, coms down, coms had no energy to even touch 36! About whisper number and all that, I agree with you, but it is just that those analysts help pushing up the stock price because of their higher expectation, and then when they fail, there will be a consequence. There are direct followers of those analysts, but there are also many unknown followers who follow that momentum created as a result of their actions, and the price can be overpowered by those indirect followers. It is like you create a company, and then the company is not yours, sort of. Anyway, I did not believe DELL would be down only 2-4, but now I am surprised that it was only down 5+. It could have been 8 or 10. It is interesting, because the Valley is still letting people go, on the one hand, while they are painting a rosy picture of recovery on the other hand. I know there is sign of rising new orders, but it could be psychological. People forecast a demand, and therefore they put out orders now. But they are as in dark as anyone else, just that someone has to simply come out and make a bet. It is now a matter of faith, and how much of it does one have on those fortune tellers. About coms, however, I still believe that there is some more room to the down side before it really gets better. It is a hunch, or faith, if you will. I am not as a good day trader as you are, but I try to stay on track based on a one-month model while I play safe based on a 3-month worst case scenario. I feel that when you get greedy, some big hands can really punish you in their very effective ways. One should always know when to take chips off the table and leave enough time for correcting one's error when there is one. As Peter Lynch once said, "I always sold too soon!" It is a good way to wealth!