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

To: Bruce L who wrote (20311)	8/7/1998 7:39:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

"Cisco Shares Fall After CEO Talks About Competition" From Bloomberg : San Jose, California, Aug 7. (Bloomberg) -- Cisco Systems Inc. fell 2.5 percent after Chief Executive John Chambers told analysts the No. 1 computer networking maker faces stiff competition in the telecommunications equipment market. Cisco fell 2 1/2 to 96 7/8 in of 15.3 million, making it the third most active stock in U.S. markets. Earlier, shares touched 96 9/19. Cisco is pushing into the market for Internet equipment sold to phone companies and Internet service providers. As it does, it's facing entrenched phone equipment suppliers, such as Lucent Technologies Inc. and Northern Telecom Ltd., who are much bigger than Cisco. ''Cisco is positioning itself against the big boys,'' said Farrokh Billimoria an analyst at Hambrecht & Quist LLC, who rates Cisco ''buy.'' Chambers told analysts at the Networking Connections Conference in Santa Clara, California, ''this is a big challenge for us.'' The company will need to improve the reliability and scope of its products to compete in the new market, Chambers said. Mang

To: Bruce L who wrote (20311)	8/9/1998 8:52:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>>Did anyone notice how volume literally dried up in the last 15 minutes? A piddling 9000 shares.<< Was this COMS? I thought COMS had decent action at the end... I think you mean the big caps...CSCO, DELL,etc...I noticed they dropped off at the last 15 minutes or so. I attributed this to not wanting to hold over the weekend. But, COMS was different, like you said...it went upwards strongly in the last 1/2 hour or so. I think this is a good TA indicator. >> I was much more concerned about 27 1/2 and, like William, I had not thought we would break it on the first try. Now that we have - and given the chart action - 28 is going to be a piece of cake. IMHO. Here's why i think so.<< At first I thought resistance would be at 27 1/2 because that's where it was when we were going up before earnings, but then I realized that the true resistance should be 28 because that was the one when we we're going down...remember? But, I think you're right about going through 28 easily. I think that the accumulation over the last month made the float smaller...so there are less trading shares for the traders (short and long). I think this stock had way too many traders on board, it's had a reputation for this for a long time. I wouldn't be surprised if that's part of the reason we went down so low...to clean out riff-raff day traders. Also, now we have momentum going up with some upgrades, and the mid-caps are going up...so this means that we may have a few more short term long traders than before. This is my theory, and we'll see what happens in the next few weeks. What we need now is some good concrete news from COMS to let us know they can make some good earnings $$. Hopefully, COMS will come through on this. $32 will be tough, if we get there. I'm hoping this is when COMS has a bombshell news item.