3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Jill who wrote (38766)	2/2/2000 12:35:00 PM
From: Mort	Read Replies (1) of 45548

Thompson Investor I-watch report, this may answer some of your questions.. . COMS -- Netwrk & Comm Dvcs -- Technology 02-Feb-00 11:47:12 Shares of 3Com are extending recent gains, improving by $5/8 to $52 1/16. The rise gives COMS a 14.2% gain since January 24th, helping the stock move back into reach of its 52-week high of $53 3/4. The I-Watch data for 3Com indicates that today's rise has encouraged some profit taking by institutional investors. While these sellers are looking to lock in some gains, they are not aggressive sellers (message volume is relatively small)and thus, have not had a serious impact on trading today. It is not surprising to see some modest selling interest given the stock's short-term gains and the general nervousness in the market regarding the FOMC's pending monetary policy announcement. Many institutional investors have taken to the sidelines ahead of this afternoon's Fed decision which accounts for the slightly slower-than-typical trading volume of 2.9 million shares. Block volume is moderate at 25% of total volume which is consistent with the light pre-trade volume on I-Watch.

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