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

To: TechMeister who wrote (24290)	11/10/1998 1:25:00 AM
From: joe	Respond to of 45548

TechMeiser, >>Fact of the matter is that the market cant keep going up ina straight line.<< While the mood is more positive, I wouldn't say the market has been going up in a straight line. To me, lots of times it's sluggish and should be tanking, but it doesn't. It keeps getting support. IMO, there's a lot of people waiting to get in because they know the world's problems are in MUCH better shape. Trouble is if they keep waiting like everyone else, soon they'll be nothing to wait for. >>given the global doom scenario,<< My opinion is pretty much banking on the worst being over. >>The market is bound to take a breather from this extremely overbought condition.<< It's overbought if you think '99 is not so good. If your optimistic about '99, then prices are still cheap....possibly very cheap. >>And that could mean low 30s for COMS. << It's always possible. Sh!t can always happen. I never rule it out. >>If Greenspan doesnt cut, we are talking 400 points down on DOW atleast<< Yes, that's right. Lots are waiting for this big buying bonanza. I don't think it'll happen. Credit markets are still frozen solid, and will take drastic measures to thaw out. (JMO)