3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Mr. E2u who wrote (17814)	6/19/1998 2:54:00 PM
From: joe	of 45548

>>Also by watching the ask and bid it looks to me that some shorts are trying to take advantage of the bounce back off $27.5 resistance.<< We didn't really put much pressure on the 25 1/2 pt resistance, which from the past was really between 25 1/2 to 25 3/4. I think what's happened, is that first thing in the morning, there was strong news that the merger speculation was just rumors. Momentum was lost from this. Also, it's expiration friday which keeps people away, and friday itself keeps people away from holding over the weekend. Anytime, the volume gets low, you can expect COMS to sink. Intraday volume has been progressively slowing. It will be interesting to see the end of day activity. joe

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