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

To: Steve Porter who wrote (24955)	11/20/1998 11:48:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, Looks like you have "cable guys" even in Canada. (remember the movie?:-) ) >>I predict a close at $40 (well probably 39 15/16) today.. atleast that way the $40 options expire worthless ;-)<< Yeah, I think you're right, but I'm still not up to speed on some aspects of options.... More importantly, using your logic, why wouldn't the price maybe go down even lower? Why cut it so close? Also, I guess those that wrote covered calls for the $40's will be unwinding their positions on Monday, or maybe today to get a better price if they see stock price dropping by a lot, and we will get the pullback in price that we are "salivating for", don't you think? My prediction (just based on intuition) is that Monday will be a pullback day, sort of unwinding of this week. joe