3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 16 9:30 AM EST

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To: Tim Luke who wrote (21991)	9/22/1998 9:11:00 PM
From: mp	Read Replies (1) of 45548

In order to guess how COMS might move in the next 3 months, a look at ASCEND (ASND) might be helpful. Around January, after ASND earned 24c, stock moved up to $42, and then when it followed up with 26c in April, stock moved to $59. Multiples should be comparable and COMS should turn in a similar performance. So my prediction is, COMS would move up to $38 in the next 2-3 weeks, then test $32, and then move to about $38 and wait for next quarter's earnings, which could very well come in at 30c. That should then propel COMS to about $59 level. One final comment - Next 3 quarters will be very easy comparison for COMS earnings. I believe this was their last major hurdle, and technical breakout on the chart will only make the upward movements happen a little faster. So I feel my best asset now is PATIENCE!

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