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

To: matt fahy who wrote (22731)	10/13/1998 12:42:00 PM
From: joe	Respond to of 45548

Matt, >>I wonder how may shares 3Com repurchased on this latest downswing.<< Yes, it'd be nice to know. But last quarter I was surprised at how few they bought - 11% of 10million shares...1.1million shares. And COMS needed more support last quarter than this quarter. OTH, this is a good time for COMS to buy, since they are just as interested in paying low prices also, and low price days are coming to an end hopefully.:-) >>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.<< Yes, I've thought the same thing, but since it's hard to confirm, I try not to get my expectations up unless there's a pretty solid reason. But, I definitely have to agree that this time going down to $25 has so far been less stressful than the other times. Also, remember, the reasons for going down are quite different. Before it was from COMS weakness. This time it's more from market weaknes. ....Back to my crystal ball<g> joe