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

To: Box-By-The-Riviera™ who wrote (14996)	3/27/1998 10:56:00 AM
From: TEMFASSBAL	Read Replies (1) \| Respond to of 45548

Hey Joel I'm no expert technician but I'll give you my read...I don' think the shorts will get nervous unless COMS breaks strongly above 38 and closes there (the key is strongly...lots of taking shares at the ask with significant volume)...I'm guessing it'll be a cautious few days ahead of the Fed meeting Tue and the end of the month/quarter....one has to wonder what the liquidity situation will be (for the market as a whole) come 4/1 when the 1st Q is on the books for the mutual funds (have they been drawing down their cash positions to give the perception of being fully invested and if so does that impact the short term liquidity after 3/31????)....thats a tough read IMO...lots of questions IMHO and I'm not convinced COMS is in a strong position right now...I agree most if not all of the bad news is in the stock but the positive news is iffy at best...its kind of wait and see IMO, I have a hard time seeing huge buying of COMS with the general caution in networking....IMO, FWIW Tim