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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Nov 26 9:30 AM EST

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To: blankmind who wrote (16074)5/23/1998 4:09:00 PM
From: Mark  Read Replies (1) of 45548
 
The Financial Post (Canada) had a good overview of the weeks activity in New York which may help us understand what not to expect with COMS....

The article - in a conservative publication that is very factual oriented - was tongue-in-cheek about the past week and prospects. For example it said re: DELL that analysts expected DELL to come in at such and such earnings. DELL reported earnings 2 cents/share above expectations so pummelled DELL down $10. This is not what one would expect but it appears the analysts expected earnings better than 2 cents above the expected price. No one knows what to expect about expectations.

Anyhow, I am thinking that enough negativity is built into COMS and, as indicated by numerous players, its all the small guys panicking with the institutions looking to make some big bonus money over the next 2 weeks at our expense.

Kind Regards,

A bull who sees COMS running up to $36 in short term than finding resistance at $33 for abit
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