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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-87.0%Nov 7 11:47 AM EST
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To: joe who wrote (15209)4/15/1998 12:51:00 AM
From: jhild  Read Replies (1) of 45548
 
Joe, while it's true there is a lot of OI in the 35 and 40's, at 1/16 cost and low volume, I think it an unlikely indication that a run is imminent based on that. Most all of the volume seems at the money. Heck, if I had some of those still open and only at 1/16, I'd just keep holding at those prices. Commissions eat up whatever is there. And besides, who knows there could always be a miracle buyout, and they could become worth something.

Now none of this is to say that I wouldn't like to see a run-up.
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