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

To: Wayners who wrote (19949)	7/30/1998 5:38:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

>>It reminds a lot of when COMS was at $30 in mid May. It seems too early to be expecting an earnings warning. Anybody tracking earnings revision<< That started with the CFO's talk with 'the axe' (Paul Weinsteing). He mentioned possible diminishing profit margins (didn't happen). And the next day we broke through 32 with 20-25million shares. I don't see any any similiarity now with then. Ever since we left $30.00, we've have not had a truly high volume day. We've been sliding down on relatively low volume the whole way. If big institutions want to get out, there would be more volume. Add up all the volume for the last 2-3 weeks and I don't think it represents a true flight of $$ from big institutions...at most a select few. And for each of those sellers, there are buyers...and there can't be that many retail buyers to suck up all that volume from the last few weeks. So there's limited institutional buying, but not "heavy" buying. This is what we would expect in a turnaround story after "1" earnings report. "2" consecutive good earnings reports are what's required by most institutions. A limited number of them are getting in "early". That's my take which combines T/A and fundamental facts that I'm familiar with.