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


To: sam who wrote (12249)12/15/1997 4:58:00 PM
From: paul lin  Respond to of 45548
 
Dow is overvalued. Tech is ok value wise

PL



To: sam who wrote (12249)12/15/1997 5:01:00 PM
From: craig crawford  Read Replies (1) | Respond to of 45548
 
<< Craig, I'm with you on COMS and CSCO, but why LU? >>

Technicals look weak. Couldn't close above the 200 DMA today. In fact closed below the 200 DMA for the first time since 1996. Down for the 5th straight day on heavier than usual volume. Closed near the lows.

One of the top techs that hasn't cracked yet. Still at lofty levels. Has plenty of Asian exposure in it's future.

I can find you several posts where I was talking this stock up in the past. I could be way off base here.

It just appears that something is wrong. If LU can mount a decent rally I will cut my losses and move on.