Briar Patch Announces Investment Opinion on 3Com; 3Com Added to Briar Patch Portfolios.NEW ORLEANS--(BUSINESS WIRE)--May 8, 1999-- Briar briar: see brier. Patch Stock Market Letter added 3Com (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ) to its portfolios. Individual holders of 3Com can relax a little; the cavalry has established their positions and are about to mount a charge. The Briar Patch thinks that at the $26 dollar range 3Com has a 15% downside risk Downside Risk An estimation of a security's potential to suffer a decline in price if the market conditions turn bad. Notes: You can think of this as an estimate of the amount that you could lose on a stock or other investment. and a 75% upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar . Since 1995 the stock has been on a roller coaster ride. In the last two years there have been two trips from the mid-twenties to the fifty range. To find out why the Briar Patch has committed 5% of its portfolios to 3Com go to www.briarstock.com, Take a free 30 trial and look at the May 7, 1999, update. The Briar Patch Stock Market Letter, www.briarstock.com, is an independent source of specific and timely buy and sell ideas. The Briar Patch Short/Long portfolio was up 104% from July 1, 1998 to April 30, 1999. |
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