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


To: joe who wrote (22728)10/13/1998 12:03:00 PM
From: TechMeister  Read Replies (1) | Respond to of 45548
 
Has anybody given any thought to the prospect of ASIA coming out of the dumps in 1999, and thus giving a nice boost to US economy in 99? Is it impossible that in 99, Global economies that have been in the slump for most of 98 will come back up??



To: joe who wrote (22728)10/13/1998 12:04:00 PM
From: Wayners  Read Replies (2) | Respond to of 45548
 
I just covered the COMS short because it was at that pesky $28 support level. Tick is trending down, so I do think the selling will pick up later in the day. I'd like to short again back at $28 3/8 to $28 5/8.



To: joe who wrote (22728)10/13/1998 12:04:00 PM
From: matt fahy  Read Replies (1) | Respond to of 45548
 
joe,

I wonder how may shares 3Com repurchased on this latest downswing.

I also think the market is adjusting COMS price up slowly this qtr. and with next qtr. earnings confirmation, if good, will adjust further. This is why we did not see $24 while most stocks got hammered and COMS was trying to go up in this flat to down market. Remember COMS was trying to go up before market got killed also.

Matt