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

To: William Wang who wrote (18518)	6/30/1998 2:50:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

I think your a pessimist<g>. It's dangerous to bet against CSCO. The stock has been given the OK to go up higher... Also, I'm just talking short term as in 2 weeks to hit 100.

To: William Wang who wrote (18518)	6/30/1998 3:29:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

William or anybody; Check out this thinking. It's possibly similar to something you (William) said yesterday. There seems to be big volume today in COMS. Today is window dressing day and one can see it in some of the other stocks. 3Com had a meeting today...most probably good, or at least not negative, so in this market COMS is good enough for a buy. But, most institutionals can NOT buy COMS today, since they don't want to show it on the books. And there is probably some selling to get it off the books. That's what the selling today is about. Since selling is higher, and price is higher, then this validates the probable good news out of the meeting, yet institutionals can't buy today making today's upward price movement even more bullish. If the news was bad, the extra selling would bring price further down from the pattern of the last two days, possibly down below 30. Once buying is allowed starting tomorrow, there should be more buying. Plus, there will be less incentive to sell. This will result in a higher price starting to edge upward. The speed will be determined by how good today's news was (we already know it was good news by what the market is telling us now) Another validation of this is the call options. VERY BULLISH. (does this make sense?)