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

To: wallyam who wrote (25135)	11/23/1998 3:17:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

wallyam, IMO, the market is in a big revaluation due to the interest-rate cut, and the new dynamics of the world economy. Because of this, the price estimates have been raised by many of the brokerage houses. If you look at the DOW and the NAZ, the shapes are identical. Whenever I see this, that means 100% program trading, which means all the "big players" have decided to redo their models (or whatever) and they have totally new price forecasts. I don't think they've changed their earnings forecasts (as least not yet). So, I'm now betting that we won't go back until we hit higher ground. Maybe then, we will retrace. I will try to be nimble enough to stop out if I can and rebuy back at $40-45 wherever if I can. I still think at some point we have to retrace, but the dynamics of the market have been totally changed, so what else can you do, except go with the flow. let me know if this makes sense, joe