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

To: Steve Porter who wrote (25162)	11/23/1998 5:38:00 PM
From: SpecialK	Respond to of 45548

I like to see some fear and not all this excitement. Tell me when you're very excited and I'll be selling.

To: Steve Porter who wrote (25162)	11/23/1998 7:14:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

Steve, >>Well if after hours is any indication, tomorrow should have a gap up.. After hours indicating well..<< I've been getting a little swifter and bolder on these gap ups. I look forward to them. I think if one keeps practicing them there's a pattern to it all. >>I may just have to hold this stuff into and through tomorrow.<< Steve, why should you be nervous. We can always go back to $36 which was pretty damn good 2 weeks ago. You'll give back all your profits. The only thing buming me is I wished I had stayed in longer, because it looks like we were right about staying in the stock as long as possible in case good news came out unexpectedly. Either way, I think we'll get a nice retracement at some point because, as you said, it can't keep going up for ever. But, if the retracement wants to start at 45, 50, or 60, is all well with me.<g> It's just a little hard now, not knowing where resistance is, but, I plan on watching volume carefully, and using the stop losses. Once the stock goes down for a point or more, then I think it will be trending down a ways. There's still quite a lot of time before earnings and expiration, that's the good thing. >>Look at the chart and extrapolate.. At the $44 level there will be a lot of people in for ~$10 profit per share on a stock that the paid ~$33 for.. that's a damned good ratio for a week!.. so there will be some selling.. and if the chart is an inidication it should be to about the $37 level.<< First, more shares than ever are in the hands of serious holders. So this limits volatility. Second, by your same logic, we thought the same thing at $40. A big difference know, IMO, is I don't feel that we're at a temporary top, and now we know this stock can start moving with the best. >>Yes, but it's not sustainable at this rate..<< Of course, not, but what else is new. This happens at least 3 times a year. Just part of the job. You're use to it. Otherwise you'd be holding CDs:-) >>I look upon tomorrow with great fear and excitement both.<< Big opportunities coming up. The market is getting out of its Bear phase, profits will be cranking in '99. I'm psyched. Companies won't get axed 50% by missing earnings by 1 cent. Besides, we got those stop sells. I'm placing mine very tight. I notice the way the tape moves, I was able to do that. Plus my finger is right on the switch. Hey, we're not even over with preannouncements. Wait till next month when Eric B. will have some good news for us... before earnings. I think the systems side of the company, (corebuilder, switchrouters, layer 3 switching, etc.) is moving much faster than expected. This is going to mean significant estimate revisions for '99. joe