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

To: William Wang who wrote (18864)	7/8/1998 10:45:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

William, >> <<As qy (or Wang ?) stated before it crossed down and now crossed up thro' the 50 dma which is a good sign.>> Exactly. COMS's ability to hold up above its 50 day moving average is the main reason for my returning. BTW, I think traders use it as an entry point. << I just realized what you just said. Traders are getting back in. For COMS to keep going back up, we need institutional buyers, so they can create a stable base. I would think you'd be tentative to get in based on 'only traders' as players. BTW, do you think there was COMS buying back as support at the last 1/3 of the day? I wouldn't be surprised. What do you think?

To: William Wang who wrote (18864)	7/8/1998 11:51:00 PM
From: Mang Cheng	Read Replies (2) \| Respond to of 45548

< COMS's ability to hold up above its 50 day moving average is the main reason for my returning.> William, that's very good timing on your part. Most people, institutions included, didn't want to chase the first 16% break-outs, patiently waited for coms to pull back 10%, and it's the time they will buy back in earnest. If this stock behaves with any trace of normacy, it should create a higher high than $32 in the near term. But with our coms' type of luck, it may just crash back to $22 - be forwarned ! Mang