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

To: Tim Luke who wrote (22022)	9/23/1998 12:03:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

tim, I agree with what you say. Here's a couple of notes and amplifications. >> * remove any stop losses *<< Actually, I meant to say sell limit orders at a high number for tomorrow's open...let's say 38 1/2. Maybe like you said, the MM's will try to open it low, but there's a very good chance there is too much buying pressure tomorrow morning. If they open low, that will almost guarantee a spike up. Then, there will be a cooling off period...if the MM's can have that much control. The question is, how much control do MM's have and is it influenced by how many buy orders they are getting? Of course they have their own shares, so possibly they have much more control than we imagine. But also, there are a lot of MM's, so I don't see how they all coordinate with each other, unless there are just a few that actually are big buyers, and then a smaller group can control the tape. >>IMO buying this stock on any dip (IF WE EVEN HAVE ONE) is a smart move.<< This is what I will try to do. The assumption is that the stock will keep momentum for a week or so, and always be going up. (which turned out not to be true last earnings quarter, probably since another quarter was needed to validate true turnaround) After a week or two of this, we will be done with preannouncement season, and COMS will get some added lift from the positive move of next month. Stock prices are too low right now, and more companies will beat earnings than is assumed. We already have the big three good reports...INTC, MSFT, and DELL. These guys most certainly will pump up the market during oct-nov period. joe