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

To: robert marshall who wrote (16231)	5/28/1998 12:04:00 AM
From: joe	Respond to of 45548

>>Don't get carried away COMS had a very good day today.<< Today was not that big a deal. It still was somewhat low volume. The price is very fluid - or rather nonliquid. >> I almost felt like buying but my gut told me to wait that the bottom has not yet arrived.<< I can understand that. I try and trade COMS a bit here and there. It's hard to tell the bottom. And even if you do, when you hit it, you have to make decisions pretty quick, because the price will fly if it's overloaded with shorts. (as I believe it currently is) >>Maybe I am wrong and will never get to buy this stock but the visibility is not there for me to buy at this high of a price.<< The visibility is not that great to me either, but at this price it's dirt cheap and factored into the stock (overly so IMO). That's were we probably disagree. Hopefully, some good reports will make this a more predictable stock in the future. Right now it's a half empty/half full type of stock. As somebody else would say, it seems to be a battlefield of shorts and longs IMO. >>If I were to guess I would say tomorrow will be a positive day. I still wait patiently for a move to either direction before becoming a shareholder.<< That sounds like a good strategy. Some, I'm sure are just going to plain wait till the earnings report comes out. They wanna "see the money". As far as tomorrow, I'm neutral. There was a lot of negativity in the overall market today and yesterday. I don't think it can be released that easily. It seems to me that shorts would want to take profits also... But, I guess we need to read the tape on a minute by minute basis. Right now, I think COMS is running with the DOW (the market). When DOW goes down, shorts go down, when DOW goes up, shorts flee - today, they were fleeing mighty fast for a 1/2 pt or so. Tomorrow's a new day. Who knows what the latest world problem will be. If there is one and DOW goes down, then...... 2-4 more days of no preannouncements increases the chances of this stock moving up. joe