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

To: Bob Kimball who wrote (17390)	6/15/1998 12:54:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>>No real hurry to buy yet, but watch...<< True, if COMS had reported earnings on a 'normal' month, but it reports on/around June 24. If earnings are OK, there's not a whole lot of time to see if one can get a better price, is there? >>It IS making a major bottom, but isn't done yet.<< This is the hard part. Lots of people thought the major bottom was the previous 2-4 months at 32-36. Now there's a temporary bottom at 24-27 1/2 WITHOUT ANY FUNDAMENTAL DATA TO HAVE MOVED IT DOWN. If earnings report is not so hot, then this will be come the new bottom .... or maybe even lower. MORAL OF THE STORY: Where's the bottom?? Nobody can predict exactly. Maybe we will keep making bottoms 'till a good earnings report comes through and the market is half way healthy.