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

To: Gary Korn who wrote (29229)3/24/1999 10:49:00 PM
From: George Elliott  Read Replies (1) | Respond to of 45548
 
This may be old news to the better informed (I'm relatively new to COMS), but I understand an agreement with Apple Computer is forthcoming regarding COMS building their Pilot for Apple. Also, did you know that Steve Jobs wanted to buy COMS last autumn? Asking price (whatever it was) was too high. Steve Jobs wanted the pilot line to himself. This info. from a contact I have at Apple.



To: Gary Korn who wrote (29229)3/25/1999 10:38:00 AM
From: Bridge Player  Read Replies (1) | Respond to of 45548
 
<< Bought some COMS today at 21 3/4. Well, actually, I sold April 22 1/2 puts and took
in 3/4 point. Only if it gets assigned in 3 weeks did I pay that amount. >>

Nice play, Gary. That is the way to play these depressed stocks. And if you are assigned you can write 22 1/2 calls until the cows come home and have a very profitable situation.

BP


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