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

To: chenys who wrote (24412)	11/12/1998 10:06:00 AM
From: MskiHntr	Read Replies (1) \| Respond to of 45548

Good morning, q y, I'm really not too concerned with the fundamentals, I realize I'm just not talented enough to truly understand all the technical nuances that are bantered about on this thread. That's why I rely on TA. You're right that the STO is fading, the MACD is weaker, etc. But the stock is simply pulling back to its breakout point, I feel if we can test the breakout and hold the stock will work higher because of the buying and accumulation that is going on. A matter of supply and demand. I'm long as 32 3/2 with a stop at 29 3/4. I'm looking for a short term target of 38 plus/minus and 43 or so based upon the rectangle the stock has broken out of. Best, Joe

To: chenys who wrote (24412)	11/12/1998 11:50:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

>>I guess we have to resolve this image of coms being the low margin modem business. That hurts tremendously on the momentum side, for a good reason.<< Yes, but image is improving. Investors are investing in the next products in transition. These products are being accepted better than expected, so, IMO, we're ahead of schedule. Patience is the key to this stock. If you want quick $$, go roll some dice on YAHOO...wait for one of those 10% upward jumps. Also, Modem business will be making good $$, but that's not why somebody should own COMS (IMO).