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

To: miklosh who wrote (22814)	10/15/1998 5:26:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Good question. If this was 6 months ago, I'd say we would just zoom up to 42 easily. The problem now is the world economy. I don't think we will close tomorrow at $30 because all the shorts have to cover. If we do end up at $30, that will just show me how much controll MMs really have. >>What do you think the next range will be (30-33 perhaps), or will enough momentum gather for a gap up to mid-high 30's in the next month? << I think climbing up will be easier. For one thing, there's a good chance we will have ANOTHER RATE CUT BY END OF YEAR. How fast is the question. Maybe there will be so much $$ going into DELL and MSFT that investor's won't notice COMS. But I also think there's a lot of money on the sidelines that may be encouraged to get back in the market. In old Bear Markets, when things were the worse, the Fed would ease, and the market would start climbing up about 6 or 9 months before the end of a recession. Maybe, we've sort of been in a mini-recession and now we've seen the worse and 6-9 months from now, tech stocks will have profit growth like they did in '95 and '96. If this is true, then Bull Fever Mania will be hitting us big time. Ahhhh, enough euphoria....time to come down to earth. I think generally we'll be moving up, but we've got to get the whole story first...let's see what happens in the next few days with world markets, etc. joe