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

To: joe who wrote (17322)	6/12/1998 6:59:00 PM
From: Eric	Read Replies (1) \| Respond to of 45548

Joe, I'm expecting 3Com to blow the pants off the shorts on the 22nd. I am looking forward to an upward earnings surprise! regards Eric

To: joe who wrote (17322)	6/12/1998 8:39:00 PM
From: Steve Porter	Read Replies (1) \| Respond to of 45548

joe, 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. Yeah (c). In my opinion if you are hoping for (a) you are insane. If you are afraid of (b) you shoudn't be, cause the numbers won't be that bad and the stock has already had the "shit kicked out of it" (pardon the language). The answer is (c). Since COMS isn't making new heights people have just lost interest in it. How many people even know that 3COM exists, let alone how their technology or marketplace work. 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. Again I have to disagree with some of what you said. Volume was the highest it's been in weeks (well 2 weeks at least anyway ;-) ). Shorts didn't want to go short for the weekend cause they don't wanna be short anymore. I think it was a very sucessful retest, given how it WANTED to go lower than 24 all day, but in the end it couldn't. 24 seems to be established as firm support. 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. Well Joe: I'm right.. trust me <G> Steve