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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: David E. Taylor who wrote (44032)	7/17/2000 4:31:31 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

Technical indicators for coms still look ok. It's still way above its 10 day ma and vol. shrinks on this downdraft. We may have couple more flat-to-down days coming so I have readied some more cash just to buy more coms if it dips further. MACD still moving up desite the drop today - same thing for Palm (MACD still moving up). Today's drop is just a matter of the stock being overbought since its rapid rise from $55 to $75. This week's option expiry is the major obstacle. I'll be happy if coms can close at $70 and Palm at $38 Friday. I think the real run will not come until next Wednesday July 26 - two days before the actual distribution and independent tradings. Mang