3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: joe who wrote (17260)	6/11/1998 3:54:00 PM
From: Wayners	Read Replies (2) of 45548

I think buyers will buy for several reasons, all of them technical. Support line at roughly $24 which was formed on high volume. Downtrend line I mentioned before. The "reversal" is what causes bottoms to form. If COMS had never broken above that trendline, COMS would have already dropped a lot further. Dow has a lot further to correct. NASDAQ has only one more trading range to go to get to the 200 day moving average, if it goes that low. 1700 (200 DMA) is only another 50 points away and we're there.

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