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

To: vinod Khurana who wrote (21235)	9/6/1998 8:02:00 PM
From: joe	Respond to of 45548

>>I bought in at $24 1/4 on Friday afternoon. The worrisome part is that many stocks are hitting new 52-week lows and 3Com is not to far from $22 7/8. Cannot say how far down it will go before coming back up but accumulation is recommended.<< This is due to general market correction as a result of future US earnings worries and world financial market/economy destabilization. It is not a COMS specific related move. It's possible that if the correction gets severe enough, and some world catastrophe hits us, that a great COMS earnings report would be ignored until world wide market stability was regained. It's possible (but unlikely imo), that COMS could hit $17. We would all be feeling pain if this happened, but the good news is that COMS business is picking up and the earnings report will show this in spades. Also, Greenspan, on friday, may have helped to change world-wide market sentiment. So, let's all hang in there, and not let Bear logic lead us to panic...but on the other hand, we have to listen and see if there is any validity to their logic. But all the same, screw the Bears because it's just a matter of time before COMS gets back to over $50.00. So what if it takes a little longer than expected?...who said the stock market was easy work? joe