3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-23.5%

Nov 7 11:47 AM EST

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To: joe who wrote (16920)	6/5/1998 8:48:00 AM
From: Wayners	Read Replies (1) of 45548

I just made the 50,000 number up. I don't know exactly how many shares actually traded at the ask in the last hour of trading. I can tell you it was a lot. Its probably 75% of the shares that traded between 1500 and 1600. My theory is that whoever was selling at $26 1/2 knew what they are doing and that they will make money by doing it. I figure they know that today would open weaker and they could buy back their positions at a lower price. If it was MMs trading for their own accounts they could have been shorting at the ask, anticipating that they could cover the next morning at a lower price.

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