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

To: William Wang who wrote (18217)	6/25/1998 2:54:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>>My selling target of COMS is 31~32 which could be reached tomorrow due to the short covering.<< 1) That sounds like Vinman's take, though he thinks it's an intraday short opportunity and will cover by end of day. 2) I'm surprised to see many shorts. I don't expect there to be many given the low price of stock... 3) I won't be surprised if institutional $$ starts going in, even without analyst upgrade or recommendations. Then again, if we hear upgrades or recommendations, it means that institutional $$ are already in. This will be easy enough to tell by looking at volume and buying pattern. It should be totally different from the last month's behaviour. It could be similar to the heavy volume drop a month ago from 33-34 to 30-31, just in a different direction. The only thing, I wonder about is if institutional $$ are slower to make up their minds going in. It seems to me that their looking for stability more than getting in early...I'm not sure how they look for stability other than to judge the cc for themselves, or let the analysts build a concensus for them... The more I think about this, the more I think we'll have a nice ride up to 35-40 range as long as we open up strong and see some decent volume.