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


To: Bruce L who wrote (23174)10/23/1998 4:40:00 PM
From: matt fahy  Read Replies (2) | Respond to of 45548
 
>>With a strong market Monday we could have a gap up of $1 + .<<

With a weak market we could gap down $1+ <g>

I agree with you that coms and the market are in an upswing with this rate cut and tech earnings doing better than expected on avg. I am protecting profits at this point though. Not to say I won't be right back in on Monday if weekend goes ok, it probably will since I am out :>)! It may trade in a range though for another week and this is where we can make 500% vs. 50% on COMS, easier said than done. Will be looking for the "short term channel update" late sunday night if someone is willing to post. When COMS does pop it will pop big, but I am not expecting that until next earnings confirmation in Dec.



To: Bruce L who wrote (23174)10/23/1998 11:41:00 PM
From: joe  Respond to of 45548
 


Bruce L,

So far I agree with you. Monday we will see momentum up.
Today was profit taking day, and let out some steam.
Very low volume to me indicates lots of folks are waiting
for it to go up. And more $$ will be coming into the
market over the next few weeks.

joe