3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Nov 21 9:30 AM EST

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To: Carl Lawrence-Slater who wrote (45325)	6/20/2001 12:01:56 AM
From: KyrosL	Read Replies (2) of 45548

3Com is still in a downtrend and there is no guarantee that the previous low will hold. In fact TA teaches that a new low is typically followed by another new low, in the absence of news. And in 3Com's case one can argue that the news is getting worse. It typically takes many months for a credible (from a TA perspective) bottom to form after such a dramatic drop. Back in 1999, it took repeated good news and a dramatic NASDAQ rally to get 3Com to move off its multiyear lows in the twenties. Now, I think we are facing the prospect of another test of the NASDAQ low in the near future, and I am afraid it will not hold.

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