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

To: joe who wrote (23076)	10/21/1998 9:53:00 PM
From: dav	Read Replies (1) \| Respond to of 45548

Are we seeing 40s soon ? DAV

To: joe who wrote (23076)	10/21/1998 9:58:00 PM
From: Steve Porter	Respond to of 45548

Joe, I already gave you my estimate.. I think it was around $.43 based on current demand and supply shortages (yes again I am going bullish, but I really do think that much of the "surprise" in COMS last quarter, came from near the end of the quarter and that will be reflected this quarter.. I even think Eric B. mentioned this). As for $35 I'll see how long it takes us to get there.. if we hit it tomorrow I will like sell and buy again the next day and we back fill a little bit. As for deciding $33 was resistance, I never really did.. I just see $33 as being very close to the $32.5 mark that caused so much trouble. As for resistance points, I don't do anything technical at all. Downward (i.e. support) is figured out by just looking at how much volume it took to cross that point. (i.e. is you break a resistance point, but it take many days and lots of $$ to do it, it now becomes support). For resistance I generally just use options expiration prices, since they are usually pretty decent judges. (i.e. $30, $32.5 $35, $37.50 and so on). Steve