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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: Innuit who wrote (13769)2/6/1998 10:24:00 AM
From: craig crawford  Read Replies (3) of 45548
 
<< Do you know whether the Cowen article took into account the ITU decision? >>

Who cares about the ITU standard? Everybody knows about it, it's no secret. It's already discounted by the market.

One thing I have learned about analysts is they are often dead wrong and off the mark. But it pays to listen to them when they say negative things about a company. If you ask me analysts miss things when they make bullish recommendations, but usually won't say something negative about a company unless they are pretty sure that they know what they are talking about.

COMS got started with a hold earlier this week (hold=sell), and now Cowen makes negative comments. COMS has been acting weak as of late with no conviction when it rises (only fractional rises) and it has been rarely closing at the highs of the day. The only thing that has been propping it up is the buoyant market plus a flood of "positive" releases like modems standards and new product offerings.

COMS insiders were just selling shares at about the level we are at now only recently. If their problems were all behind them and the outlook is so bright for the next year how come insiders are still selling and analysts are still saying to stay away?

Because COMS problems aren't solved. Plain and simple...

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