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


To: The Vinman who wrote (15069)3/31/1998 10:22:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 
I agree with a lot of what you said, as far as the market
timing aspect. I don't trade much (wish I could, but
I have a regular job during the day I have to focus on).
My position is long. I do like to observe and try to
predict where stocks are going in the short term (a few
weeks to a few months).

I think in the next few days or so, shorts are going to
be jumping on stocks (COMS included of course) like
crazy. The main reason being that MMs don't have the
pressure of putting money into the market as was done
the last month, so momentum will slow. This will allow
for more negative fears to build up, such as
earnings problems and over-valuation concerns. So, I'm
wondering (waiting to see) if the market momentum (money
flow) will allow for these fearful issues to surface.
And if they do, how long can it be sustained.

Joe