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

To: joe who wrote (19940)	7/30/1998 4:15:00 PM
From: Wayners	Read Replies (2) \| Respond to of 45548

Will I be able to sleep tonite--Probably not real well. I will not feel real well if I turn on CNBC tomorrow and see S&P futures trading down 5 points or something. The idea is to get a gap up and sell quickly between the open and 9:50 a.m. EDT. If it does gap up--don't wait anywhere near 11:00 or 12:00. I think we'll be able to get out between $25 5/16 and $25 1/2. The thread might be a bad influence-because this trade is breaking several rules-i.e. buying against the direction of the trend and not using a buy stop.

To: joe who wrote (19940)	7/30/1998 4:44:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

I saw a lot of large block sells in the last hour. Doesn't necessarily mean thats smart short term trading money. It probably isn't. It may be smart money for a longer play. The downward momentum has been slowed from the drop at the open, however I'm not calling a bottom here. I think volatility will give us a profit tomorrow--nothing more. Volume was high in the last 2 hours where the momentum was slowing with the price at and under $25. I'd say that in the absense of any negative market, COMS or sector news, COMS will hit $25 5/16 to $25 1/2 tomorrow. There was some good buying in the last minute of trading. Downward momentum has also slowed from the COMS drop from $30. I still think there are only a couple more days before COMS reverses to retest $27 1/2.