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: Steve Porter who wrote (23327)	10/29/1998 1:21:00 AM
From: joe	Read Replies (1) of 45548

Steve, Again, I agree. Good analysis (IMO). >>Not many people were willing to sell COMS shares at this price<< exactly! >>This also indicates that people don't just want to sell COMS and that any selling is most likely people taking profit.<< exactly! THERE IS ONE EXCEPTION. Again, if the market tanks, which is always a possibility, and COMS now follows the market, then all of us on this thread will be rushing to sell all our COMS shares before it goes under 30, SO THAT, we can rebuy it at 24-27. I think a lot of the market was thinking this way. This was a test for to see if the market would go down with even more profit taking and today showed that most folks want to stay in and make more $$. They feel that there's a better chance now that the world's problems are behind us. Rate-cut optimism is our main friend, IMO. I'm looking forward to another cut in November. joe

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