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

To: joe who wrote (18718)	7/6/1998 8:12:00 PM
From: Wayners	Read Replies (2) \| Respond to of 45548

<<I was wondering...do you ever do any fundamental analysis>> I understand fundamental analysis as that's how I started out. I used to spend a lot of time going over balance sheets, income statements and earnings estimates. What I found out is that supply and demand is what controls stock price and not fundamentals--at least in the short run, i.e. timeframes of less than several years. The rest of the time its supply and demand. I find that T/A is the best way to gage short term supply and demand. I've lost too much money using fundamental analysis to ever go back to it. Unless I'm good enough at fundamental analysis to predict earnings warnings and other related bad news in advance I'm sticking to T/A where I at least have a chance of seeing that something is not right with earnings this quarter because the stock price is starting to go into a downtrend.