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


To: G.F. who wrote (29886)4/22/1999 2:55:00 AM
From: Harold S. Kirby  Read Replies (1) | Respond to of 45548
 
GF & all: Just finished my "number crunching"....typical "backfilling" on Wednesday...numbers indicating stong support at present price...challenge pts @ @25/sh, 27,...should see 30/sh late May. Kosovo situation hurting Europe but Asian situation improving. Sideways movement until late May (typically slow month)...IRS refunds could enter into techs MKT during this period. School tradegy in Denver may have had some effect on MKT...following sentiment of Major League Sports in area...just a guess...public concern over "security" situation in schools and possible elsewhere over "terrorist" potential could also be in the minds of investors. We (Nato), are pounding the hell out of Serbian economy...terrorists may target our "business" interests. Parties that be, need to end Kosovo situation...has potential to escalate into another "Vietnam" causing a drain on our economy as government "seeks" more money from Congress to finance operation...money that could have been used for tax cuts, etc. Could cause a large chunk of our "surplus" to disappear for "military" purposes. At this point...it is a "wait and see" how MKT will react to the political (world) situation.

HKirby

HKirby