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

To: joe who wrote (18653)	7/5/1998 1:13:00 AM
From: Factfinder	Respond to of 45548

To All. Can anyone confirm whether 3COM is shipping many cable modems? It seems that cable modems are catching on in my area.

To: joe who wrote (18653)	7/5/1998 3:21:00 AM
From: Todd N	Read Replies (1) \| Respond to of 45548

Joe, Thursday we broke through support at 30 and bounced off support on the 10 and 50 day ema lines at roughly 29. I picked up some more shares just above 29 anticipating that the support will hold, though we will probably test again on Monday. Mondays seem to be days that COMS releases many of its press releases. Maybe one of them will be decent enough to move the stock. If Eric can instill confidence again, this stock can move! Just look at last year when we went from 28ish to 60 within weeks, after worries about the USRX merger lessened. Sentiment can change very quickly when the stock price starts moving up. FWIW, if we do go to the 27.5 level, I will feel even more positive about the support, and will buy even more. Todd BTW, Bay agreed to be bought by NT on June 15th, hence the gap-up.

To: joe who wrote (18653)	7/5/1998 6:47:00 PM
From: Wayners	Read Replies (2) \| Respond to of 45548

On Bay I was really referring to the move up on 13 May. I was long BAY befor the gap up and sold at $27 3/4 with the intention of buying back in at $25. Never did buy back in though, playing something else. With BAY the gap up occurred because BAY came out and said they rejected a takeout offer as being too low. It was rumored to be an offer in the high 20's to low 30's. The price drifted back down to $25 not because there was bad news--but rather because there was no more additional news. People took profits just like I did. $25 offered the support because that was previous high. Those that missed buying BAY before at $25 bought this time around given the second chance. That's why support levels work from previous highs work. It identifies price areas where there will be increased demand to slow any downward momentum. The slowdown in downward momentum feeds on itself. Shorts cover increasing demand and before you know it price is reversing to the upside. May not even take any news to get it going. With BAY the acquisiton rumors started to fly again. Hard to breakdown why a move occurs. Everybody has a different reason. Its rumors, news, technicals etc. I think the retrace would have happened whether there was a gap or not. I thik the gap helps the retrace, but it wasn't required.