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

To: joe who wrote (19960)	7/30/1998 8:32:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

that initial sell off at $32 was massive. The short sellers see a downtrend and they jump on it as long as they are able to get shares to borrow. Still not a problem with COMS. They will drive down as far as they can. It flat out takes cheap value investors to start to turn things around at major turning points. The cheap value investors will let stocks go down to book values before buying. You see some ridiculous things sometimes like stocks trading for less than the cash value of their book value. With COMS I don't know where value investors would step up to the plate. Two quarters of increasing earnings is a good guess. There are people out there with their eyes on COMS, but they don't want to step up to the plate until the fear is maximized and there are definitely no more sellers. The volume should be really low and it should trade in a very narrow basing trading range. I bet the next earnings warning season is the bottom for COMS. I don't expect them to warn either.