Another thought to keep in mind. As Wang said
yesterday, today is last day of 'window dressing' so
it may be that the bulk of buying (if there is buying),
will start next quarter (beginning tomorrow).
So, far it looks like pretty good volume, and stock
is up about 1/2 pt or so. I always compare COMS volume
to CSCO. The volume for both are much higher than
normal...to me this is a sign of more window dressing.
So, I guess we have to be patient, and hope something
good happens later today or in the next day or so.
I think once we break resistance at 32, it will move
up more rapidly.
>>He can really send this stock flying if he impresses the analysts
enough..<<
Yes, if he can change the street's attitude about
3Com I think this stock will fly. I do get the feeling
that the Street is starting to take a 2nd look at the
stock and seeing it's true value. Once they get confidence
in it, I personally don't think anybody can put a limit
on the price. Lots of tech stocks are very overbought, but
with the interest rates so low, and going lower, the whole
question of valuation becomes much more subjective.
joe |
