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

To: Wayners who wrote (24272)	11/9/1998 6:25:00 PM
From: TechMeister	Read Replies (3) \| Respond to of 45548

Wayne, I am banking on the retest of the long term uptrend line at around 27-28 some time later this month. Then earnings anticipation should drive it back upto 35 range. I will be buying around 28.

To: Wayners who wrote (24272)	11/9/1998 9:39:00 PM
From: Slide Rule	Read Replies (3) \| Respond to of 45548

Wayne, what sort of price drop do you anticipate?

To: Wayners who wrote (24272)	11/10/1998 12:38:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>>COMS is in the same position it was technically on 29 Sep 98. I'm still looking for a retest of the longer term uptrendline. I expect the usual runup before Dec earnings, but prices have to come down first.<< Somewhat different because this time we are coming out of a pennant situation (a turning point situation as we had described before). Thing is, when a breakout point is reached, where it could go up or down, isn't some decent volume needed to confirm the direction?? You don't buy into a breakout without seeing the volume with it do you? So today still doesn't give us enough info, IMO. We are in limbo, and anything can happen still. I'd like to know it was going down, because I could just sell and rebuy, but can we all really be sure it's going down much? Here's a thought: with volume so low, shorts are getting set up to either cannabalize(sp) each other or be taken out by a few big trades. This would work nicely to prepare for take out of $38 which MMs know will be a major battleground. If there are no sellers (and why should there be if good numbers are out already, and COMS keeps coming out with proper press releases and manages expectations properly), then it's a long ways down to 30 on no volume, and someone is getting set up. Sure you may have a buying chance, but it will be brief and lows will be higher. OTOH, the market may be waiting for Nov 17 which is FOMC day. Since the market looks better now, many are thinking that the FED won't ease, and this will create a potentially good buying opportunity. Lots of folks are hoping for this type of bargain day. good luck ya'll, joe