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

To: AreWeThereYet who wrote (13899)	2/11/1998 6:17:00 PM
From: Elmer	Read Replies (2) \| Respond to of 45548

Andy, You're right. If you look at a chart, we were above the 50 day moving average once and bounced off it two other times. It's the best looking base that I've seen. We are now about two months removed from the poor earnings report in December. My guess is that a lot of people are tempted to buy the stock but are scared of a second round of poor earnings. If it breaches the 50 day moving average with violence, I think the fence sitters will race to buy. If they do, the move becomes self fulfilling. But I could be wrong. Regards David