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

To: Mang Cheng who wrote (12076)	12/11/1997 1:46:00 AM
From: craig crawford	Respond to of 45548

<< I think a pull-back to $33 is extremely likely short-term. Do you think there is any possibility that it will shoot to $40 before it tanks ?? >> I know better than to go spouting my mouth off about this stock. Things can change so quickly. But if you want my honest opinion I think that the last rally was a failed rally. (Couldn't close above Billy Boy Alpert's hype closing of 38 3/8). I see no reason for COMS to attempt another run at 40 considering the weakness in the techs. I also believe that we just saw a failed rally in the broader markets. The S&P made new highs and so did the Utilities and Transports, but no new highs for the Russell or the Nasdaq or the Dow. I know better than to start getting too cocky because the market can turn on a dime, but it looks like the tide might have turned in my favor and Santa is on his way back to the north pole. We still have economic data to be released today and tomorrow. We'll see if the market puts a positive or negative spin on it.