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

To: Bruce L who wrote (27409)	2/3/1999 10:43:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

Bruce, >>There are, after all, lots of technical traders and they all pulled the trigger this a.m.<< I agree. I've suspected this for a while. IMO, it's why we're having a tough time breaking 48. Also, there was an analyst meeting about 2 weeks ago, remember? All was well at that point, and the purpose of that was so that brokerage firm could sell stock. I don't think they'd want to look this dumb after the major selling to institutionals. JMO. joe

To: Bruce L who wrote (27409)	2/3/1999 10:48:00 AM
From: Greg Jung	Respond to of 45548

Cisco has a dissappointing Q and 3Com gets hit. HA! I just did a check and found I already sold all my 3com at 39. ... in 1997!! This isn't a shake-out, not even a tremor, not even a gust of wind. 200 dma is at 35, make sure that holds before jumping on. Some stocks will trade near fair value ... even in the hot sectors. Since LU+coms is far down the road if not out of the question, intc+coms doesn't make a lot of sense, earnings are never reliable (also given the 3+% rate of dilution by the executive giveaway program) I'll hold pat with my $0 position.