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

To: TechMeister who wrote (20398)	8/11/1998 1:02:00 PM
From: joe	Respond to of 45548

>>Too much fear about Asia and weakening corporate earnings...<< Corporate earnings, I've read, are not as bad as one might imagine. Time will tell. Last quarter earnings were greatly affected by inventory problems. The first and 2nd quarters, IMO, should be averaged out, and the third quarter will do well provided we don't have global catastrophe. I've also read, that excluding energy stocks (oil companies primarily) and chip companies, the average earnings growth was around 10%. "fear about Asia"...the $ is getting much stronger against the Yen. There is still a lot of ways the results can twist and turn. Sure there is fear, but a crash, IMO, would be deriving too much out of it. Domino bank failures due to Indonesia and other countries declaring soverign debt...we will have to wait and see. I would think the US banks have had since last year, to prepare for this possibility. Japan banks...who cares, probably the best thing that could happen to them. China/HK devalue. The world has had time to prepare. It's not like those countries have been doing the global economy anything good lately. IMO, it can only get worse for their own economy, but ours has had time to be adapt. Also, in the long run, currency devaluation for China/HK is a good thing. Right now, it depends on how it unravels. IMO, it's too early, to write off the stock market. I think that maybe we will get some more correction that creates buy opportunities (we're already in one right now), but 10% more is stretching it. JMO

To: TechMeister who wrote (20398)	8/11/1998 2:10:00 PM
From: William Wang	Respond to of 45548

Only $24 ? I think you can buy one share COMS and get one free in October. Seriously, Dow Jones, Nasdaq, and S&P 500 all three major indices have broken their long term support level.