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

To: chenys who wrote (17129)	6/8/1998 7:58:00 PM
From: Wayners	Respond to of 45548

<<I am thinking that this is THE time to hold for a good profit.>> That's what they all say. Let me look at MACD and divergences between RSI and price and some other indicators.

To: chenys who wrote (17129)	6/8/1998 8:27:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

INTC seems to be the main object of negativity for this preannouncement month. Last time, an analyst said that it didn't think INTC would make earnings, the market tanked big, and then right after close, INTC said they would make earnings, and the next morning was up pretty good. I see a similar pattern. NASDAQ was getting ready for it's end of day rally. Then we got INTC bad news, and possibly people in that rally started wondering....then somebody triggered a sell program (obvious, since DOW and NASDAQ turn sharply at same time) and put more doubt into rally. Even after all this, it looked like maybe market was still trying to rally, but not enough confidence. Anyways... From Brief.com immediately after close Intel Corp (INTC) 69 5/16 -1/2: --Update-- chip giant says FTC based its complaint on "mistaken interpretation" of the law. Nevertheless, company says it has taken steps to ensure that its activities apply with the law... (If only COMS would be as curteous as INTC about shareholders feelings...) Everybody see the INTC pattern? Does this mean we'll open up strong tomorrow? IMO, for COMS and the market to rally, the main obstacle will be the dread of Greenspan talking on Wednesday. If we don't get a rally before he speaks, then we may have a big relief rally right after - I'm basing this on the assumption that he will not say anything negative which I have a strong feeling he won't. IMO, the Greenspan worry is what made today a sluggish day. The entire market was very low volume, not just COMS. This is after all preanoucement week. (I wish COMS would change it's fiscal quarterly cycles so it could report on another month...) Another day without a preannouncement. Wouldn't it be logical that if COMS doesn't have a good quarter, that they would have said so already? If there was a bad quarter coming up, then the CFO's talk with ANALyst in beginning of May does not count as a preannouncement since it wasn't a strong enough statement and not very clear. Logically, it would appear that COMS has done something to improve itself this quarter....BUT COMS isn't a logical stock --- that's our problem, and the reason big investor's are waiting before they commit themselves.