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

To: blankmind who wrote (18647)	7/4/1998 11:32:00 PM
From: joe	Respond to of 45548

Heavy volume...here's the specifics... 4 days == 30M + 10.5M + 10.5M + 12.5M ==> 63.5M shares all bought within the 30-32 range. I think COMS has about 360M shares outstanding, so the 63.5M shares is around 17.5% of total shares. TA interpretation anyone??? It's possible, that for the moment, we've run out of buyers (and sellers) in this range. Maybe we now get pushed down to the 27.5 - 30 range as Wayne said, and fill this in a bit. Lots of people who didn't want to pay the $30-32 range, will be buying at this price if they believe in the company, and will be rewarded with a price with more upside potential than downside...anotherwords, COMS should have a bottom somewhere close by!! >>do you think sales will be flat?<< Hard to say exactly so far. I think the worse is flat sales with good chance for beating expectations. Flat sales assume that Modems situation won't get better, that Europe is still sluggish, and that new products sales won't improve. Personally, being the optimist that I am :-), I think all three will improve. A couple of reasons I'm optimistic is that 1) new products sold better than expected 2) Palm Pilot will give company a little more boost every quarter 3) last summer, I heard the same BS about slow hi-tech sales in Europe and didn't see it. The part I'm worried about is the Modem sales. This may take another quarter. Another good sign will be reduced expenses creating higher margins - ANALysts love that. Slowly, things are on the way to improvement....it's just that I hate waiting.