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

To: blankmind who wrote (15908)	5/20/1998 3:22:00 PM
From: joe	Respond to of 45548

COMS has been consistently at +1/4 today. It does look like trading has slowed down the last few hours. But, it appears to be in a definite spot. In the past, this would have been excellent time for shorts to move the stock down (especially with tech getting temporarily beat up). Either they're not trying out of fear, or there is a buyer accumulating at a consistent point. If it was just normal supply and demand (and no shorts), I would think think the price would fluctuate more. >>it will take a few days to crunch some pre-lim numbers.<< I'm not sure what you mean here. You mean it will take COMS a few days to figure out it's earnings? Reminds me of last Dec 3rd or 4th. They had a massive bad news dump. It didn't take them any time to figure that one out. Other than that time, I don't think they've ever warned. People really wondered about that one right after last quarter's earnings. I do think they gave clues, like the CFO at beginning of month. But Eric B. had stated the same at the H&Q conference I thought. In a sense the CFO meeting with DLJ wasn't that big a deal (jmo) - at least not enough to have caused this avalanche of selling. IMO he really hadn't said anything that new... Makes me think that somebody likes to see this stock go back and forth between 30-35...(jmo)