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

To: joe who wrote (24802)	11/18/1998 7:47:00 PM
From: Steve Porter	Respond to of 45548

Joe, Sounds good. To me anything under $37 isn't that bad and will average down as your doing, but I'll just look at volume to guide me. Volume won't necessarily be the best guide tomorrow.. just watch the price.. The truely good thing about today, is that the new range is being broken into. Well we are now very close to our 52 week high. You will notice that my high buy is above the 52 week high marker. If we hit my buy point, momentum investors will be all over this stock like flies on $hit. I've seen that happen many times. Let's see if we get those numbers. I'd hate to buy at $39.50, ESPECIALLY DURING OPTIONS WEEK. That's a big no-no, but sometimes some rules may need to be broken. This one I hope not. Well Joe, read my remarks above.. if that happens I'm not missing out on much action. I also wonder about all the supposed selling at $38. One way to look at it is those older holders have been "broken" a long time ago, and have given it up. The ones still holding may have a change of heart. Joe I think there will be a lot of selling tomorrow, simply because the stock ran 10% in one day. That's a huge move for a stock like COMS. So I wouldn't be surprised to see 8 Million shares tomorrow with a net on the day of about -2. Steve PS. Finder is just finder ;-)