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

To: FUZFO who wrote (22767)	10/14/1998 11:24:00 AM
From: joe	Respond to of 45548

>>28 3/4 bid x 13/16 ask. looking ok. I am still looking to sell above 30 this week. Still dont believe coms can break out of range with market so bearich pricing in a recession next year.<< I may do the same, but I'm not so sure to what extent the market has priced a recession. It was much more negative immediately after G-Span ease a 1/4 pt. But, it's as negative now that he said he'll probably ease more, at least if he has too. Also, market is waiting to see future earnings forecast. So the pricing in of a recession is sort of a moving target, IMO. Personally, I think tech will have a good Q3, and I'm waiting to see if the market prices this in. I'm also keeping a close eye on Japan moving their laws through congress and whether the Long Term Capital effect on bonds clears up in a few weeks. joe