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

To: Moonray who wrote (20597)	8/14/1998 1:31:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

Moons, COMS seems to be holding up OK today considering the sh*tty market. Volume very low. Nobody wants to sell, nobody wants to buy. Shorts afraid of getting burned I guess. Usually not like them. In the past we'd be down at least a pt or so. I don't think we will get a retest of 30 until next week. Doesn't look like it's going to happen today. I can't imagine traders wanting to hold over the weekend. 30-year bond at 5.54%. I think this is the lowest so far this year. If I was a big corporatio, I sure would be thinking of a) refinancing to lower costs b) borrowing for future investments/projects - preferably building production facilities in E.Asia. I think COMS is thinking this way. Bodes well for '99 and '00, if they are taking advantage of low interest rates. joe