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


To: Doug who wrote (28904)3/10/1999 2:13:00 PM
From: DRRISK  Read Replies (1) | Respond to of 45548
 
Doug,

On : 7/20/98 Naz closed @ 2014 On: 7/20/98 Coms closed @ 28 5/8
8/31/98 Naz closed @ 1499 8/31/98 Coms closed @ 23 11/16
9/25/98 Naz closed @ 1743 9/25/98 Coms closed @ 32 1/16
10/08/98 Naz closed @ 1419 10/08/98 Coms closed @ 25 5.16
2/01/99 Naz closed @ 2510 2/01/99 Coms closed @ 47 1/4
3/02/99 Naz closed @ 2259 3/02/99 Coms closed @ 27

Coms finally participated in the Naz rally into 2/1/99 but falterd badly. If we are tracing a double top like we traced a double bottom in the 8/31/98 to 10/8/98 period then the NAZ is certainly vulnerable for a 10-15% correction unless it breaks through 2510 significantly. That said COMS will certainly not be spared in a NAZ correction failing dramatic news.

So a guesstimate on downside for NAZ is 2000 and COMS 20. The rest would be fools play. This price is certainly not terrible from a historical perspective.

Good Luck

DrRisk