3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00150

-28.6%

Dec 11 9:30 AM EST

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To: K MAC who wrote (9093)	10/16/1997 10:56:00 PM
From: Chris	of 45548

KMAC, no need to apologize.. I need to apologize to this thread if I lead the the thread in believing the quick 60's. I hate being wrong, but i wont' be afraid to admit it.. I, myself, am still holding coms and intend to keep it during this market "weakeness".. The question lies: why did coms did not go to 60 as I forecasted? Let's review on what happened?? I was getting bullish but then asnd and wdc earning warnings came out. So, then we were set back for that week. Then came the bullish rally the next monday and tuesday.. Then alan greenspan took that rally out. Finally, nimitz and earnings fears began brewing.. Sorry if the order of events were wrong, but I just wanted to point out the causes in lost in "momentum" for our lovely COMS. My forecast of a bullrun was far off, and my TA were showing bullish signals. But i guess my TA wasn't all that good <gg>, or these forces really "skewed" my TA... My apologies if i mislead anyone... Just wanted to clarify things. Hopefully, 50 will hold. Djia must hold above 50 day EMA as well. Or else we might see 7600 again.. Looking longer term hold, and hanging in for the roller coaster ride.. good luck Chris

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