3Com Corporation (COMS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: blankmind who wrote (16873)	6/4/1998 4:38:00 PM
From: Wayners	Read Replies (2) of 45548

After looking at a daily chart with a 2 day moving average of the opening prices and drawing a trendline on the highs over the last two weeks, I'm thinking that this could be a reversal, with the high volume (10M shares at the bottom--less than what I was looking for) and today's lower bottom. However I did see distribution at the close which tells me they are going to give a gap down at tomorrow's open. I think we'll see $26 even in the first 30 minutes, which will be time to buy for the day. They'll use the S&P 500 figures to scare us at the open. Watch for futures to be down a few points before the open tomorrow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next