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


To: joe who wrote (14572)3/20/1998 2:29:00 PM
From: Mang Cheng  Respond to of 45548
 
<But, for the moment, it looks like there is a huge supply of $$ in the market, interest rates are low (I think they'll go lower),>

joe, agree. Last night on MoneyLine, there was a brief mention that since oil and gas are at extremely low level now, usually interest rate will drop 10-12 months afterwards.

That's why the bull just don't want to stop charging. A bit scary when you look at the indices, I guess.

Mang



To: joe who wrote (14572)3/20/1998 2:46:00 PM
From: Eric  Read Replies (1) | Respond to of 45548
 
Joe

Great post. I have to say that I agree pretty much across the board in what you had to say.

3Com's big problem was the USRobotics acquisition, too much was put at stake in the standards committee getting their act together. I have to admit that I groaned with that one! I have traded COMS the last 3 years but got caught flat footed last fall getting in it too early.

I agree that most of the bad news is out and that the street is waiting for"hard news" to prove it. I like the stock going forward and it will continue to be volatile, great for the traders! 6 months to a year I expect them to be much higher. I can understand why the shorts like this stock now but IMHO the big move down is over and it's cocked to go higher. The move will be a fast one!

regards

Eric