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

To: chenys who wrote (24480)	11/13/1998 9:24:00 AM
From: Wayners	Read Replies (1) \| Respond to of 45548

So far I'm not seeing anything that looks like a break past $35 in COMS. I see 8 premarket trades. Three are over $35. One at $35 5/16, one at $35 3/8 and one at $35 1/2. You have to have at least 21 trades this morning to make the top 10 list. Bid and ask are still $34 15/16 x $35. Last premarket trade is at $35. Can't really tell anything from this. Have to watch the first 10 to 15 minutes to see which way prices are likely to break.

To: chenys who wrote (24480)	11/13/1998 9:41:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

I've been thinking a bit about earnings reports and how to forecast whether a stock is going to sell off or not after the numbers come out. Aside from analysts not liking the revenue number or another number, it seems to me that each analyst has a whole bunch of brokers with clients that follow that particular analyst. Each analyst of course is with a different brokerage house. The clients aren't going to sell based whether the earnings come in at the consensus estimate of all of the analysts. I don't even think the whisper number is what's important. For any particular brokerage client, they are simply looking for the company to meet or exceed HIS ANALYSTS estimate. I think it really comes down to how many clients are linked to individual analysts. The first call consensus estimate is a simple average of all of the analysts whereas it would make a lot more sense to have some kind of a weighted average based on the amount invested in the company based on individual analysts. Another way to look at it is if the company beats or meets every analysts estimate there is no sell off period. What does everybody think---Wayne go back to TA <g>!