3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: TechMeister who wrote (24458)	11/12/1998 8:08:00 PM
From: Tim McGee	Read Replies (1) of 45548

IMO, today's move is about LU rumors There was an interview yesterday with LU (i think on Nightly Biz Report). It was clear that LU is looking at someone. The obvious targets are ASND and COM$. I think this is why both are up. If LU does buy one of them, then the other will fall pretty hard. These rumor sprints are exacerbated by shorts covering along the way. Same thing happened to PAIR a week ago went from 9 to 13 in one day. Now back to 9. I think this is what is keeping COM$ from hitting Wayne's downside target (although i don't believe it will go that low w/o major market movement downward). If LU buys ASND, we'll be in the low 30s or lower.

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