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

To: matt fahy who wrote (24649)	11/17/1998 7:52:00 PM
From: clutterer	Read Replies (1) \| Respond to of 45548

biz.yahoo.com

To: matt fahy who wrote (24649)	11/17/1998 11:05:00 PM
From: joe	Respond to of 45548

Matt, >>I'm ready for the gap up in the morning and think it is possible as investors sleep on the rate cut and remember what happened over previous ones.<< Yes, Naz100 futures are up, optimism is up, momentum is up, foreign market is up. The question may be, do we let things keep moving if the gap up. I'll be looking to see if a price gets pegged to a certain number like 36 or so. But have to be flexible, and play it by ear. >> protecting profits stage right now because I think downturn in next several weeks is possible.<< Not for a bit. First the market has to work some of the rate ease...the techs do, and I'll be curious to see if the banks do also. If the banks don't, that will mean there is still trouble. After a few weeks, there will be concerns about profit growth, but estimates could be worked up as they rebalance for the new interest rates. I'm bullish with these interest rates. COMS is still cheap, and if it does well this earnings, then it's a proven $$ maker. If the market is bad, there will be a more rigorous hunt for companies that guarantee profits. COMS will get more credibility after this next quarter. joe