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

To: TechMeister who wrote (21777)	9/21/1998 7:13:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

TM >>Any possibility that COMS may go down on profit taking by the day traders on Wednesday??<< Unlikely. If this was a DELL or MSFT, it would be way up before earnings announcement because everybody knows that those guys always come through and execute well. COMS is coming from the doghouse, where it still has to prove itself further to most of the Street. The big players are waiting on the sidelines to see that it has a good CC, and they will not buy 1 share unless they are sure that COMS is on the right track. Still a lot of skeptics that want to see hard proof. Hopefully, they will get the proof they want in the next few days and will be rushing to add COMS to their portfolio. If so, it will be start to be considered as a true "turn(ed)around stock". Until then, it's still in the dog house. That's what all that resistance was about, IMO, at $32...lots of old buyers who finally got their chance to bail. And possibly lots of traders who want to get off now, to make sure they don't lose their profits. JMO.