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

To: 45bday who wrote (15498)	5/7/1998 12:23:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

solution, >> Am I missing something as usuall!<< No, I think your instincts are good. The first thing i asked myself is where's the bottom.. After a while it was obviously at 32 3/4. A 6 MILLION $ trade HAS TO BE PREARRANGED in my book. As all the heavy trading was taking place, price was actually struggling up - and went over 33. Like you, I would think the price would have temporarily caved, but didn't. Trading seemed to controlled. But now price is at 32 9/16. I think there will be lots of confusion for a while. There will possibly be more volatility after this MASSIVE TRADE. Retailer (you and me) will generally be spooked. Only people with heavy conviction will ride this out. I think, it will settle down after a while (JMO). On other fronts, Microsoft is putting a damper on this market. I sure hope MSFT knows what it's doing going up against DOJ. With the army of lawyers it has, it should. Everybody waiting for tomorrow's unemployment. Lots of worries over interest rates. So far, interest rates holding up well. Overseas action last night, not so hot. Japan near the 15K mark. If past is indicator of what will happen next, BoJ will start buying some stocks. If not, and Japan botches things up further, then GREAT - long bond will go down below 5.9. The interest rate is what we really need to watch in this market. I get the sense that the economic numbers show slight slowdown, but hard to pin point. Indonesia - hmm. - lots of rioting starting up. We know this had to come up sooner or later. How they handle it will be VERY IMPORTANT. Maybe military coup, before we know it? If so, I hope they still plan on paying back some of their debts....or its ASIA ROUND II. Boy, stock market is more fun than watching soaps on TV <<gg>>. joe