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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00400

+185.7%

Dec 5 9:30 AM EST

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To: Steve Porter who wrote (23787)	11/2/1998 12:31:00 PM
From: joe	Read Replies (2) of 45548

Steve, >>Also note that gaps perform differently on different exchanges. The NAS has it's own set of rules that stocks play by.<< Looks like you've done some past reading on the mechanics of the market:-) Correct? I was reading this day-traders book and it was starting to get into that. Anyway, the exception to the huge up gap day in late JUNE, after the huge volume from a good earnings report which surprised to heck out of everybody was because the earnings forecasts were revised somewhat downward. Even though COMS did well meeting and beating the street expectation, later on in analysts meeting, they got a better feel for projected earnings. This and a few other minor reasons, starting pushing things downwards. At that point, everybody wanted confirmation in the next earnings report, of which they got. Morale of the story: always watch what the future visibility of the company is, even if they have a good quarter. Watch out if analysts make revisions without informing the public. joe

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