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

To: Steve Porter who wrote (17321)	6/12/1998 6:53:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

Steve, I have no qualms about the fundamentals of COMS. I think it's a good company with fantastic products. What's worrying me is the vagaries of the market. Mix in ASIA problems and volatility is increased. >>...like 3COM when no one else wants it and just hold it..<< That's my strategy (which assumes that 3COM has what it takes to be a top flight company). I'm thinking that this is what explains the low volume we've seen ever since we broke 30. Looking at it from supply and demand, it seems that there are less buyers than sellers. Why is this? Either: a) buyers know they can wait for a better deal, b) buyers don't want to buy because they're afraid of COMS blowing it c) some other reason I might be missing. Even today's volume seemed low to me. And it was supposed to be a retest of our previous bottom. Of course, you can say it was a successful retest...but I'm not so sure. Possibly, shorts just didn't want to go short during the weekend. As to your previous post: >>Maybe COMS is going this to make an ass out of the analysts. Maybe they will go fairly well this Q and just trying to prove to everyone that the analysts are asses.. after all 3COM seems to like to challenge the normal way of doing things.. ;-) You could be right, and I hope you're right. There are many things that they've been up front about. But, sometimes they do want to do things their way. We will just have to wait till earnings report to find out. I figured this would be the case, but didn't quite expect the magnitude of this downdraft as a result.