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

To: Steve Porter who wrote (23621)	10/30/1998 1:54:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, >>This is exactly why the big boys won't let it fall too far. They don't want to look bad and want to get the price up. They know that COMS is going to do well and preannounce. I can see taking some money off the table after the preannouncement. For now the price won't sink far, until either a) preannouncement or b) earnings or c) an announcement of a huge deal. The price will sink a bit after the pop from any one of those, but other than that it looks good.<< All good reasoning. BUT, who are the dudes that make this retrace down to 35 maybe 34? The institutions, because they place the big orders with the Market Makers. As long as there isn't too many institutions in the know, then they will have one more time to chow-down. But, even their bargain hunting days are coming to an end. The question really is, how much time do they have? COMS at 36 right now. I bet it's a bounce off this, but let's see how strong. VOLUME HAS SLOWED IN THE LAST HOUR OR SO. >>The price will sink a bit after the pop from any one of those, but other than that it looks good.<< Isn't this what will happen today to some degree? The most surprising think of today, was not the gap up. You obviously got the direction right. The BIG SURPRISE was 37 high instead of 36. JMO joe