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


To: Immi who wrote (18491)6/29/1998 7:25:00 PM
From: William Wang  Read Replies (1) | Respond to of 45548
 
I think COMS will start to move up as we approach the end of the window dressing season. Mutual fund managers have to dump COMS so that it will not be showed up on their quarter reports as a top 10 holding. Today's run up of MSFF & CSCO mainly comes from window dressing too. Everyone wants to show they own the winners.

Even the managers who want to add COMS to their portfolios will wait after July 1st. Personally, I think COMS purposely picks up tomorrow as the analysts meeting day so Wall Street can buy this "The dog of the year" without criticism from mutual fund investors.



To: Immi who wrote (18491)6/29/1998 7:29:00 PM
From: Mang Cheng  Respond to of 45548
 
Immi, that's good news :

<"In 1998, there's been very few insider sells in
3Com," said Craig Columbus, an insider analyst
with Disclosure. "There's been only three sells this
year, and that is abnormally low for this company."

The diminished level of selling among insiders, he
said, is a bullish indicator that the company's
executives believe the stock still has some upside
potential. >

Mang