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

To: joe who wrote (23482)	10/29/1998 9:56:00 PM
From: Steve Porter	Respond to of 45548

Joe, >>we might see another ~2 pt day.<< nirvana;-) That would be nice ;-) Just in case Steve, I am thinking about a possible bounce off of 35 strategy. I'm not sure why this might happen other than there are possibly some market TA reasons that won't allow the market to go further... Well I think we punch through 35 rather easily and then come back down below it a number of times (as opposed to bouncing off it). I believe the range will be $34 -$35.5 for probably 2 or 3 days. Don't get me wrong now. I think that COMS is now primed to crack through 35. BUT JUST IN CASE IT DOESN'T, I would think we would see a couple of bouncing off 35 moves along with some other twists and turns. Heck, maybe Acampora wants to say something about Bank xyz that has been secretly avoiding bankruptcy, and he therefore predicts a temporary retrenching,blah, blah, blah, and the banks get panicking and everybody thinks that the Naz has come across resistance. I'm just trying to anticipate what could go wrong...maybe go back to 33 and start over again. You are worrying too much.. we are up well for the last 2 weeks, even a little downturn and we have made ground for the month. Relax, get some more sleep ;-) btw...I was glad to see that mild upward turn at end of day, both for COMS and the market. That's the glenn factor I predicted ;-) Steve