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

To: matt fahy who wrote (20566)	8/13/1998 10:58:00 PM
From: joe	Respond to of 45548

>>Do you think we can get above $30 decisively tomorrow being friday and all? I think the stock has to test $32 tomorrow or we may test support again. What is your call for tomorrow? What are the Asian markets doing? anyone<< It all depends on the market and Asia problems. If the market drops then COMS may drop some more, depending on demand. My gut feeling is the that today, we overcorrected a little too much - market wise, and we'll have an up day (more or less) tomorrow. Some concrete news for tomorrow that I think will help...I just read on TSC that there are a "slew" of companies planning to do large buybacks as a result of this correction. I think this is an interesting turn of events and very positive. Companies want this bull run to keep going. Personally, I think this Asia thing will work itself out. Sooner or later, depending on market friendliness, we'll be up to 35, just my optimistic opinion. Also, I've read this morning that the general concensus is that the dollar will stay at 146 -150 yen max till end of month. Another reason to get in a few more "quality" up days in the market. Let's face it, lots of folks know the quarter is made right? And COMS is now making $$ in the middle of the Asian Flue, right? Not only is it turning around, but it's doing so in the Asian Flue...well, sounds like mutual fund manager's ideal stock. Plus, I'm not sure how, but I feel there is even enough demand in the pipelines to feel confident about the following quarter. Just another strong "gut feeling" I have. So keep buying on those dips :-) Looking forward towards tomorrow, joe