3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-13.3%

Nov 7 11:47 AM EST

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To: Copeland who wrote (27174)	1/26/1999 11:26:00 AM
From: joe	Read Replies (1) of 45548

>>3Com needs to break and stay above 49 1/8 before it can run to the upside. I'm certain a lot of other TA traders are waiting for this sign before they dive in. << I basically agree. IMO, though, I think 48 1/2 or so will definitely do the trick. >>NASD looks weak here and it appears that the slide will continue into next week considering that earnings season is pretty much over. Profits need to be taken.<< I don't think this is totally true. Still lots of retirement $$ need to go in. CSCO to report among a few others. Also, some better than expected tech reports, and so $$ will be edging towards tech more than ever, and won't happen over night. Also, Brazil scare is holding up the flow of $$ some into the market. If this gets straightened out, then $$ will flow back in more forcefully. joe

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