3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Nov 21 9:30 AM EST

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To: matt fahy who wrote (22358)	9/28/1998 6:07:00 PM
From: joe	Read Replies (1) of 45548

Matt, fwiw...I don't think it's a good idea to try to figure out COMS too much as far as trading. I would get back in under one condition, knowing you. That's making sure the market is not going to tank. otherwise, COMS will make it to 40, it will just play with our minds on how we get there and I know think it has to do more with market makers controlling the stock at times (I don't think they always can, but it's obvious that many times they set the price at a certain point...). But as long as the market doesn't ' fold, I can't see us going anywhere's near 24 again. tomorrow will be a test to see how market reacts to greenspan's rate-cut (we hope). Some people feel the DOW may retest 7000-7400. But I doubt it if G-span eases and with preannouncement over, then very unlikely we retest 7400. btw...Brazil is OK. G-7 has made sure of that, plus Brazil is open to borrowing. China WILL NOT devalue at least not till next year, and especially if G-span eases. I'm starting to think that we will have a decent end of year.... joe

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