COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-58.1%

Nov 14 9:30 AM EST

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To: Scrapps who wrote (20781)	5/12/2000 11:26:00 AM
From: Moonray	Read Replies (1) of 22053

I would submit that a new spirit has been bestowed on the "Ghosts" of this thread by 3COM. The spirit of "doorstop" mentality. Sure glad not to be on the scrapheap. This, from a recent story of 3COM's treatment of USRX "Ghosts": Its analog modem business is being sold off wholesale to a new company being formed by Accton and NatSteel. 3Com will have a 20 percent minority investment in the new venture. This sell-off includes all the U.S. Robotics products. Moony sold at 73...that man has spirit! On another subject, looks like a short-term bottom has been put into place on the NAZ. Not all downturns end with a volume "bang", some end with a "whimper". This appears to be the case Wednesday, right after Wall Street's lunch. Action since then (and especially today) has broken the 7-day downtrend. There is quite a bit of upside room to get back to the 30-day downtrend. I have been looking a charts all morning and this seems to be the case with individual charts, too. If the market can take a FED increase of 1/2 point in stride, we should have a "relief" rally for a while. Perhaps not the 4-point daily declines that we saw in our individual stocks, but several days of 2-point increases seems to be on order. o~~~ O

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