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


To: FUZFO who wrote (19564)7/23/1998 4:28:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 


>>Whats your opinion?<<

In think COMS is ok in a market correction. We may go
down more, but it's probably only program trading. We
should be somewheres around the bottom...at least no major
correction.

The market in general...I don't know. I don't think it's
ready for the 5-10% correction that I've been hearing will
come, but you never know. We still have a few more weeks
of earnings, and usually the market doesn't pull-back much
during earnings, which haven't been totally bad as far
as not meeting expectations. I was thinking a 5-10% correction
would start in mid August or September.

It could be the market is waiting for word from Japan.
Election coming up tomorrow I think. Could be the market
is just worried about that...

joe