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

To: Steve Porter who wrote (23606)	10/30/1998 1:11:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, >>I believe the strong afternoons are the result of accumulation by folks who want a) back in, b)in before a big announcement c)in for the first time.<< I believe we are getting some of those folks, but the majority still want to see us to get past 38. The NAVY contract is great, but lots of it is old news. We need something even bigger. Institutions don't want to drive up COMS this fast. That's been the story for months. They want to accumulate this BIG TIME, so they will fight to hold it down. I remember when we went down from 34 to 32 to 30 in May. VOLUMES were above 20million...2 days of this. This is just preliminary drinks for the big boys, before the big feast. They all know it's going to 50+. So, they'll hog up all these shares first. When we get to 40, the mo-mo's will be pushing us up by leaps and bounds....JMO joe