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


To: blankmind who wrote (18633)7/4/1998 1:42:00 AM
From: Mang Cheng  Read Replies (2) | Respond to of 45548
 
<i see no reason to test 27 1/2, i expect to be back over 30 next week. >

Blank, I agree. Usually a bullish gap like that with that kind of magnitude (16%) won't get filled in such a big hurry. It would at least take a couple months before it get filled (or not at all). Chart for coms is still on a bullish uptrend.

Bigger picture is also getting positive :

1. Nadsq is going to make new high
2. historically low interest rate 5.6%
3. companies will start reporting good profit for those that didn't warn
4. Japan and HK recovering short term
5. .... (can't think of any others !)

Mang