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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-13.3%Nov 7 11:47 AM EST

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To: Steve Porter who wrote (23627)10/30/1998 2:12:00 PM
From: joe  Read Replies (2) of 45548
 


Steve,

>>I'm just not comfortable trading COMS at this juncture. I think a lot of institutions are
going to start piling on. The evidence is things like "COMS TOP NETWORKING
PICK". I expect many upgrades in the next little while, earnings estimate revisions
(upwards), a preannouncement. With all this going wrong I would rather lose $2 a share
by being conservative than missing out on a 4-5 point a share rally.<<

you're probably right. That's how I felt about 3 pts ago, but
I felt that after today, we may be due some consolidation. BUT,
if as you say, the revisions, upgrades start coming out, then
better to play safe and wait for better trading days.

Remember though, after that COMS earnings report? Something
like 6 strong upgrades? And where were we a week later???
I know this time is better, but is it enough still? Is it
a little to fast? You probably think not. Maybe you're
saying that even if COMS wants to stop the flow of good
news, the ANALYSTS won't let them. But the ANALAYSTS are
in cohoots with the Fund Managers. Those guys want to
be the only ones with the keys to knowledge, and THEY
CONTROL the ANALYSTS.

joe
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