3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00170

-19.0%

Dec 26 9:30 AM EST

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To: craig crawford who wrote (10580)	11/21/1997 12:10:00 PM
From: Bruce L	Read Replies (1) of 45548

To: Craig Crawford From: Bruce L Re: Selling temporarily exhausted but will resume? I'm just now reading your post from Thurs,but have to respond. IMO yoou're wrong. Yes, selling is exhausted but isn't that what basing is. The move up from 30 on high volume augurs well for this stock. I don't expect a significant move from the $34-35 level for the short term(meaning the next 2 wks) but I don't see a significant declin either. The decline from 56 to 28 was too traumatic and it will take time for longs to screw up their courage. But they will ultimately. Basing is what is happening. IMHO.

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