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

To: William Wang who wrote (18532)	6/30/1998 7:08:00 PM
From: Steve Porter	Read Replies (2) \| Respond to of 45548

William, I can see COMS breaking 32.50 tomorrow if it is a good meeting and they sell it to the analysts and everyone else. I have no doubt that they will. If COMS goes through 32.50 in the near future, what would you do based on an entry at $23.93ish? Steve

To: William Wang who wrote (18532)	6/30/1998 11:32:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>Joe, one thing I want to add on is if COMS gives positive outlook on the meeting and analysts buy it. With the ending of window dressing, we should see a HUGE volume at the first half an hour of trading tomorrow. Your thoughts ?<< SHORT ANSWER: I agree LONG ANSWER: I have a multitude of thoughts, whether they're worth while, who knows: 1) First, I'm a little puzzled by the sharp dip at the end today. Somebody had to sell merchandise quick at last minute, or just followng the Naz momentum? 2) For the last three trading days, we've had very high volume at the beginning and usually a high price in the 31 range, and then it tapers off during the day about a point, but not enough to go below 30. I was hoping for more buying, but maybe lots of buyers have to wait for new quarter. 3) The last 3 days have had over 10 million volume, with today, being the highest...12.5 million. 4) After cc last week, I didn't think it would go up so fast with that much volume. I thought it would have trouble at 30. That day had 30million shares and was trading at 31 3/4 for a while. Lots more than I thought...could be an omen of tomorrow. 5) I think that Eric B. had something special up his sleeve to reveal today. He must have known about the window dressing phenomenon. It will definitely build company moral to get the price up. So, today he gave the audience a little something extra to surprise them. At least he gave them the 'Gingrich' appearance if that's worth anything. 6) Rockwell's been having trouble with their modem chip sales. This was in WSJ today. I wonder if ANALysts will correlate Rockwell's problems with 3Coms' benefit? Or the other way around...Rockwell's having problems selling modem chips, therefore 3Coms must be having problems. If Eric could let them in on some inside secret about future modem domination, then there will be nothing to worry about. Buy, kick back and enjoy the ride. 7) I think if we break 32 -32.5 (strong resistance) then going up to 35 or 36+ will be no problem. Breaking 33 may start somekind of snowball effect. 8) A lot of tomorrow just depends on how today's analyst conference went. If it went badly, we'd already know about it (imo). 9) There will be some diehard shorts, if they'll be waiting sooner or later. 3Com still has to prove itself for another quarter in the eyes of many people. Summary, tomorrow's a hard day to predict how good it'll be (imo). Since earnings came out, there have been 30+10+10+12.5 = 67.5 million shares traded. I'm not sure yet how to interpret this. If people feel that the "corner has been turned" then it'll be another HUGH day. Therefore 35-36 is a sure thing, how quick we get there, who knows.