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

To: Cragganmore who wrote (24302)	11/10/1998 1:50:00 PM
From: joe	Respond to of 45548

SKIP if you don't like to read long posts: >>I really don't understand this. NWX, NAZ 100, NAZ -- all are up now, except COMS. << Here's my take of the market. NAZ is up .24% NAZ-100 is up .58% I don't pay attention to NWX that much, but it's down -0.18%. I see that the Naz-100 is twice as big as NAZ so I figure the big caps have are doing a lot of the work. I don't look at Naz-100 up .58% as that big a move, and in fact for as much as INTC and MSFT and DELL are up, I wonder why isn't the NAZ-100 higher? I notice Russell-2000 is down more than Russell-1000, which sort of confirms that big caps are in today. The I look at the big guys: CSCO ... no change (I notice ASND is up big...some big contracts might be in the works, and CSCO's demand in telecom sector helps. I wonder how much this has to do with ASND "consulting services" just recently set up. INTC ... up +2;....big support from Edelston this morning MSFT ... up almost $2; don't know why, except that it's about time, they had great quarter last month. DELL ... up around $1 1/2; earnings coming out Wed. guaranteed good results, and they usually rally before earnings unless the market is really sick. Then I notice that the "Internut stocks" are going rampant again: YAHOO up $10 AOL up around $2 AMAZON up around $7 I also notice the DOW is flat. Tells me not more than techs seem to be moving today. Banks I see are cautious, so they're busy worrying about rate-cuts or world problems. Naz advancers 1500 decliners 2000 Not very good breadth, so seems to confirm that upward movement is selected big caps, and hysterical "Internuts". BUT, still, I ask why is COMS down? Well, volume is low, so is anybody in a rush to sell? No. Low volume produces lots of volatility and seems that COMS still needs to weed out a few weak hands. Also, COMS is still not on everybody's favorite list by any means, so if only "safe" stocks are going up, COMS won't be in that list. I wouldn't be surprised if investor's are starting to get worked up about the FED rate cut not happening. We'll see. Finally, COMS is in preannouncement period. The last I heard there's been negative rumors that a) INTC is eating up COMS NIC market share, and b) because of CSCO's great quarter, COMS market share is being eroded. These things are TOTAL BS in my view, but analysts spread them because there are enough jittery folk out there that want to take some profits. I look at days like today as buying opportunities. There has been NO NEGATIVE NEWS. Officials have given very positive signs of making their numbers. Officials just recently "ragged" about how COMS is seen as a MODEM and NIC company. There's only so many times officials can repeat the obvious. More and more people know better, but lots are doubtful because of the history. Another good quarter will go a long ways towards cleaning up that image. COMS is a patient person's stock. IMO, it's worth waiting for at this stage. Also, yesterday, they had a good OEM announcement with IBM, but how much attention did that get? Still, it tells me that revs and profits are cranking through the system, and frankly that's the main thing I care about. joe