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

To: William Wang who wrote (20022)	7/31/1998 5:12:00 PM
From: TechMeister	Read Replies (1) \| Respond to of 45548

Very PROUD to own COMS today!! Whew, the market was melting down, and our puppy was hangin in there...I can smell a bottom

To: William Wang who wrote (20022)	7/31/1998 5:27:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

Because, like techmeister said, I think we're very close to bottom. When we get close to bottoms, we're much more likely to see gaps up and a retrace upward. Also, there was massive down pressure in the last 1/2 hour by shorts on the whole market and on COMS. Somebody was doing a lot of buying at the end, so this will make shorts think a little bit monday morning and maybe back off somewhat. Furthermore, imo, the end of the day sell-off was way over done. The GDP problem is a non-problem. The market was hesitant about it all day long, and people had lots of time to sell during the day. Instead, they waited till the last minute, and there was a herd mentality to bail out. Over the weekend, I suspect that people will realize the economics are still in place pretty well. Economy is still strong, interest rates are still low, earnings are still pretty good, future earnings are still bright enough to keep the market going. Inflation is not a problem. The month of August is a problem, but there's still a lot of liquidity in the market, so all those fund managers that haven't had a chance to lock in 20% gains will get a 2nd chance. Overall, I'm optimistic.