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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: Wayners who wrote (20508)8/12/1998 8:46:00 PM
From: joe  Read Replies (1) of 45548
 
thanks wayne!

>>"Looks" like an easy run to $32 1/2, <<

I'm surprised you say this. Remember, right after
earnings report, when you got hit with your
33+ stop sell i think. We had tough 32 resistance.
So you think no more, huh?

>>Even looked like COMS had failed $27 1/2 AGAIN until I guess it was Eric's comments today?<<

Are you talking about yesterday's $27 1/2? That's because
the DOW and Naz started very badly yesterday, but COMS still
climbed up very strongly against the tide of the market in
general.

Don't think Eric B. had any comments yesterday or
today.

Today, he may have flown to NY, and maybe some people
interpreted that as buyout rumour. But he said
"buyout not gonna happen" (george bush immitation).
So why did he go to NY? Maybe for a positive earnings
preannouncement, if there is such a thing?

If you see easy run to $32 1/2, seems like an excellent
short term trade...you gonna give it a try? Personally,
it's a little hard to believe, but if you're right,
then I'd say it's going to 35-40 once we break 32-33...
just a strong hunch. In this case, I'd think that not
only is COMS going to make the quarter (already we know
this), but COMS will have some numbers that are way
better than expected in certain departments...maybe modems
are catching on faster than expected for
this quarter (at laaaaaast).
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