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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (20084)	2/23/2000 3:00:00 PM
From: Eric Humphrey	Respond to of 22053

FYI Netbulls review of COMS positive LONG UPDATE 02/22/00 3Com Corp - COMS $70.88 +1.19 (+1.19) Once again COMS holds up in the face of adversity. The Nasdaq continued to decline today as the interest-rate fears transmitted from the "Fed" finally began to weaken some of the technology stocks. We will not argue with anyone that the stocks continue to look overbought, but momentum traders continue to put money in the stocks that have been working, such is the case with COMS. COMS remains in the center of the media spotlight. Today, 3COM extended its award-winning product line with its first color-display device. The Palm IIIc (TM) handheld computer is the first and only color device based on the industry leading Palm computing platform. It is the smallest and lightest color handheld computer. COMS also expanded their strategic alliance with Copper Mountain to deliver the industries broadest line of DSL customer premise equipment, and finally COMS linked up with other major companies like Nokia to develop an open universal standard for synchronizing data across different computer platforms. All of this news, and only three trading days before the Palm unit IPO helped to hold up the shares of COMS after a retreat to the $67.88 level. COMS bounced slightly to close the day at $70.88 on lower than average volume. We continue to urge caution for those considering a new trade at current levels, but continue to look for a break above $72 and a return of the strong volume before the bulls return in a major way. Stops near $65 should be wide enough to protect recent gains, but keep you in the trade. Picked on Feb 1st at $51.38 Change since picked +19.50 Earnings Date 03/21 (Not Confirmed)