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

To: FUZFO who wrote (27898)	2/9/1999 10:28:00 PM
From: joe	Respond to of 45548

>>But really, I posted last week that I saw the NASDAQ coming back to its 50 Day EMA of about 2200 for a healthy correction and I'm afraid I may have been right.<< Yes, I remember this. Personally, I was expecting a mini-correction after CSCO reported, but things have snowballed more than I anticipated. I thought the bigger correction would happen after DELL reported since we usually have a runnup before DELL reports. But, I'm starting to think not. I will have to keep that 2200 number in mind. Keep reminding us. Now that I realize, we're only a little less than 5% away from this, so, maybe we are closer to the bottom than we realize. Market timing is always a pain. I need to keep moving my exit points sooner (if and when I use them).<gg> >>I was relieved that COMS could trade below 33 today without the bottom falling out.<< Yes, low volume also, but I'm still a very sever end of day drop. Leaves one with a very uneasy feeling. Could start another mini-panic. >>Still a little worried that we'll see the high 20's though, but IMO would only be a very short time. << I agree. Lots of money on the side lines, I think. We need some good news from tech. People are starting to get pessimistic about tech for the moment. JMO. >>After 2 more weeks, as long as COMS does not pre-announce a shortfall, I see it somewhere in high 30's in March leading to the report.<< Yup, hope your right. Shorts hope your totally wrong. They sure would love to buy at $22-$25, just like the old days.<gg> joe