3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

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Jan 16 9:30 AM EST

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To: Wayners who wrote (18622)	7/5/1998 1:06:00 AM
From: joe	Read Replies (3) of 45548

Wayne, I'm checking out the daily chart on BAY, and I see 2 big up-gaps. One around May 10, and the other around June 15. Are these the ones you're talking about? The week or so afterwords, I see the retrace and then for some reason it starts going up again? I guess TA says that the stop of the retrace (continuation of the upward path) is for some logical reason. BUT, how do we know it's not due to BAY just getting some additional good news. Possibly BAY is on some turnaround pattern (maybe it's mostly to do with buyout rumours). Maybe the stop of the retracement was some more positive news (maybe more details on a buyout rumour). But in other large gap-ups may not be true - possibly because there was no more good news to be had for a while...possibly until the next earnings report? To prove the hugh gap-up, then retrace, then upward climb pattern, we'd have to look at all the hugh gap-ups. Not just ones where we know it's worked. I'm just playing devil's advocate, so just debating the issue... Also, from what I hear, ASND did the same type of pattern after a hugh gap-up (I'll be looking at that chart in a few days).

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