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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00150

-28.6%

Dec 11 9:30 AM EST

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To: chenys who wrote (23737)	11/1/1998 5:09:00 PM
From: joe	Read Replies (2) of 45548

q: >>One thing to note when you said this time it was different is that with so many wounded hedge funds, where do you find the supporters to keep the momentum going?<< Value players are first. They picked us up from the bottom about 1000 DOW points ago. They are still adding to position slowly. TONS of $$ on the sideline. We don't need "irrational exuberance" for those folks to get in. They just have to be convinced that the company they buy will make some kind of profits. That's the big advantage COMS has. But, also, more investors are feeling that the economy will improve rapidly because of rate-cuts, etc. With rates so low, they are willing to take the risk if probabilities of '99 profits are going up. AND, the outlook for '99 is improving with these rate-cuts. If I had a business, this would be a great time to cut costs by refinancing loans and taking out new ones at these historical low rates. Of course, "credit crunch" would stop me at the moment, but since Uncle Al is on my side now, I'd believe he will help me get soon get those great cheap money. joe joe

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