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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-87.0%

Nov 7 11:47 AM EST

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To: matt fahy who wrote (22866)	10/16/1998 6:07:00 PM
From: joe	Read Replies (3) of 45548

Matt, >>This is why I say "potential gap" because it didn't really gap up over night but it moved up significantly almost like a gap up.<< We'll have to ask Mr. Gap expert himself, Wayne. Actually, I tried to read up on some of it in my TA book. It's not all that obvious from the explanation in the book. I'll have to ponder over the book some more. I think some of this may be closer to an "art form" than true science -g- (just kidding Wayne:-)) >>The more I think about the rate cut, the more I like it for financial markets. I was thinking of buying at the close in case investors decide over the weekend that this rate cut is a big deal for the markets and that it isn't totally priced in and we get a gap up.<< That's exactly my feeling. I felt that expirations day subdued the true effect from the rate cut. COMS gave it a good shot at breaking 32, but I think it decided today's not the true day to push it. From my experience, most expiration friday's are dead, because nobody wants to be caught up in it. It's supposedly is very difficult to tell what is really moving the price. I will be very focused on Monday's opened. I wouldn't be surprised to see strength. Even if we don't gap up, IMO, this rate cutting will help out the rest of the world with interest rates. I think all the economist and analysts will be rethinking their analysis over the weekend and we will see a whole new spin on the market next week. joe

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