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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-23.5%Nov 7 11:47 AM EST

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To: blake_paterson who wrote (23645)10/31/1998 4:47:00 PM
From: mp  Read Replies (1) of 45548
 
Last time COMS opened gap up (on 10/8/98), it was at 28 and
ran up to 35. It happened again on Friday and I think this
one is going to take us to 45! My optimism is based on all
the good stories that are coming out now as well as my
feeling that COMS earning is going to be around 35c or better.
That level of earnings will justify stock price of $45-$50!
So next few weeks should be real interesting. I am long on
COMS. My most optimistic scenario might take us to as high
as $59 by the end of the year if COMS forecasts good sales
for the next couple of quarters. Gap openings are almost
always precursors of good things to come!
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