3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Tom Latham who wrote (10872)	11/28/1997 2:57:00 PM
From: Christopher White	Read Replies (2) of 45548

Tom, I went long COMS on Friday and on Monday and on Tuesday and bought the THQLU as well to insure that I don't lose my position when I sell the THQLG...lots of speculation on this thread about all problems in Santa Clara, however, in spite of any assumed fundamental weaknesses, the technicals are looking better by the day. COMS closed today above its 55-VAMA (35 3/8) for the first time since October 14th. I haven't yet today been able to get a error free download from Reuters, so I can't say what the equivolume chart looks like after today's action, however, if the 13-VAMA (as of yesterday's close at 34 3/8) crosses the 55-VAMA we will have a significant bullish signal - since January 1996 the 13-VAMA has crossed the 55-VAMA to the buy side seven times (these MAs have not whipsawed in the last 23 months!) - if you had bought COMS each time these moving averages crossed and sold at the top of each bull move, you would have had gains of between 8 and 41 points on each move. Christopher

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