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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001300.0%Nov 7 11:47 AM EST

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To: Steve Porter who wrote (25835)12/4/1998 12:53:00 PM
From: joe  Read Replies (1) of 45548
 


Steve,

I agree. That's what it looks like. Unless there's
a huge sell program at end of day like yesterday (you
didn't see that I guess), but that was caused by Brazil
fears.

banks are doing better...good sign...probably the Brazil
thing is being seen as overblown. A lot of Brazil falling
was because it had gone up 22.5% in a month, so there was
massive profit taking. I also read that 65% of the
Brazilian reforms have already been passed in the lower
house. The part that was rejected yesterday, was a small
part of the complete package, which can probably be renegotiated...
another words, the Brazil problem is *overblown*, IMO.

joe
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