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

To: blankmind who wrote (19311)	7/17/1998 2:56:00 PM
From: joe	Respond to of 45548

>>obviously analysts are only upgrading coms because they are trying to get their clients out of this dog.<< Interesting idea. Maybe there are analysts that want to get their clients out of COMS. And there are analysts that want to get them in cheap. The result is the type of trading we're seeing. Eventually, those getting out will be outnumbered by those getting back in. Those getting back in are not in any big rush...yet. But when we hit 32+ and attract more flies, demand will start increasing. One good point - we have very low volume now, but we're not diving to below 29. I wonder if it's because shorts may be too worried about some option related last minute upmove. Anyways, I think that COMS is running out of 'weak hands' and this is diminishing the supply of tradeable shares. Eventually, we will be like DELL...DELL goes up 3 - 4 pts, pauses a bit and drop 1/4 pt, you'd think there would be nice profit taking and maybe drop the price a whole pt.... nope, buyers just take advantage of that dinky dip and keep bidding it up. >>wwe shall know next week. we had a lot of pressure to close at 27 1/2, which the good news prevented. next week we retest 30 and beyond.<< I think your right, next week we may test that 31 - 31 1/2 pt. I bet there are a lot of investors dying to get out of COMS at that point.<gg> It will be another 15million share day.<g>