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: Vol who wrote (10383)	11/16/1997 9:42:00 PM
From: HerbertOtto	Read Replies (3) of 45548

I'm not predicting 11. But if 24.0 does not hold, then the next strong support level is at about 11. Just chart stuff. Don't worry - I have no power to make it happen. In fact, I will take a 1/2 position long if COMS trades at 26 1/2 - for a bounce to 36. Then we'll see. If 24 fails I'm out. Not all stocks readt strongly to chart stuff. But when COMS fell below the 200-day MA in October, and then tried to go back above in early Nov and failed, the drop from 44 to 29 was very strong, including the gap from 35 to 33 7/8 on 11-12-97. So currently COMS is trading technically. Let's hope the area of 24 to 26 1/2 holds. Maybe the 'fast switch' release on Monday will turn it up. If you are long, I hope for your sake it does. I want to see the response from CSCO over next 2 weeks. COMS is now in the 'prove it' zone. A fast switch is nice, but show me the money.

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