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

To: blankmind who wrote (16873)	6/4/1998 4:38:00 PM
From: Wayners	Read Replies (2) \| Respond to of 45548

After looking at a daily chart with a 2 day moving average of the opening prices and drawing a trendline on the highs over the last two weeks, I'm thinking that this could be a reversal, with the high volume (10M shares at the bottom--less than what I was looking for) and today's lower bottom. However I did see distribution at the close which tells me they are going to give a gap down at tomorrow's open. I think we'll see $26 even in the first 30 minutes, which will be time to buy for the day. They'll use the S&P 500 figures to scare us at the open. Watch for futures to be down a few points before the open tomorrow.

To: blankmind who wrote (16873)	6/4/1998 4:40:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

Yes, I was thinking the same thing. Otherwise the shorts would have attacked more at the end. If nothing else, it's seems safer and safer to say that we've hit the bottom which was around 24. Hopefully, those shorts will hold on as long as possible, so that the will do the slow bleed, like we did on the way down. AAAHHHH, COMS is not prejudiced... it's so good at giving every pain, long and shorts. Thanks for the tables! I wonder what tomorrow has in store for us? j