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


To: Wigglesworth who wrote (15567)5/8/1998 12:45:00 AM
From: Mang Cheng  Respond to of 45548
 
just a few short notes before the morning :

1. The WSJ article is definitely written in a positive tone, saying things are not really as bad as it looked today.

2. Last qtr we saw exactely the same thing with Cowen came out and said there were still inventory problems and the stock tanked for couple days and then rebounded.

3. The six million block trade early in the morning scared the pants out of everybody and Institutions just started to dump first ask later.

4. It's still well within the recent trading range. Hope the employement no. is good Friday morning. Hopfully it will find support in this $32 level. The way it closed at almost the day low made me worry.

Mang