3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

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Nov 21 9:30 AM EST

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To: Harold S. Kirby who wrote (30124)	4/26/1999 3:34:00 AM
From: Harold S. Kirby	Read Replies (1) of 45548

To: Mang & all: Okay....here are the results of my number crunching over the weekend. Stock will open at approx $1.50 above Friday close. Volumn on Friday will substantiate a higher open most likely because of unfilled orders! Shorts will enter in early hrs as volumn increases and continue until "lunch time"! Some profit taking will occur from "new investors"...some have made 20%+ and will opt to take profits and sit on the sidelines awaiting for pullback...won't happen. If investors have "buy & hold strategy"...this will be a positive effect on share price and will certainly put pressure on traders inventory ! Remember...as volumn curve shifts...price curve will not remain static where they intersect is "equilibrium"...this all depends upon how much stock is in "inventory"...trader on floor will control this factor! I expect a break out at 30/sh and movement up to 31.50-32 high, a pull back to test 30...if volumn is strong and support holds then we could see 31/sh at close. All of this will occur without any news...3com mgmt will be having some sort of meeting with analyst at upcoming trade conference during this week (I forget the day)...so we could be going sideways until some sort of news is given to the mkt. At this point wise investors should not over anticipate nor under anticipate. Shorts are in the same position...they may not cover completely but the scale is certainly tipping away from them. Another factor to cause upward movement is shorts covering and buying into upward movement. Sooooooo, for what it is worth...I see "win-win" buy and hold! I could be wrong...no crystal ball but numbers are indicating upward movement! Note to Mr.Bishop: Even in a sell out...company will be sold 30% above 52wk high...that would give you a 15pt profit per share if you bought it around 50/sh! So....don't feel like you haven't eaten at the table...30% return on the dollar is a hell of a lot better than what the banks will give you! Save your "tears" for those poor suckers that put their money in savings accounts with those crooks that call themselves "your friendly banker"! Bankers, Brokers, & Borrowers...you can't trust any of them! Good Luck tommorrow to everyone... HKirby

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