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

To: Steve Porter who wrote (24825)	11/18/1998 11:52:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

Steve, max-pain theory will make my portfolio hummmmmmm if it holds true. Gaining that extra pt or two on the down side, and then recouping it on the way up, would really max-profits for me. Plus, if it reacts as the max-pain theory says, then we will have more confidence in the future as to how COMS behaves. Lets face it, we've been watching it the most, so we have a lot of built-up experience with it's moods and can see lots of stuff that other folks are just plain missing. Today was really no surprise. It's always been obvious that there could be a huge outbreak as today, because of the accumulation and the float, etc.. But, as we've learned, we've have to protect big profits. In the long run, that's what will be the most profitable. I don't want to be trading COMS that much before earnings, but options week has always been "in a range". It's just not a week for setting new highs and climbing 20% in 2-3 days. Unless COMS has just won a $2 billion conract with AT&T and we're the only ones that don't know it? It would have to be news of that magnitude and I seriously doubt this has happened, but of course will in the future. We have two days to see it hit 35 if the theory holds. That's already starting to look like a long ways down. I wonder how it can be "managed" downwards as much. Options weeks can be downright confusing and any professional would tell you that there's no way anybody can predict events on expiraton day (friday). I think if we see a major breakthrough we have to get back in again, but verrry carefully. As you said, once it hits 39.5-40.0, the whole world may be buying COMS. We can't afford to be out of it at that point. But, I can't quite see it happening just yet. joe