3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 16 9:30 AM EST

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To: joe who wrote (18653)	7/5/1998 3:21:00 AM
From: Todd N	Read Replies (1) of 45548

Joe, Thursday we broke through support at 30 and bounced off support on the 10 and 50 day ema lines at roughly 29. I picked up some more shares just above 29 anticipating that the support will hold, though we will probably test again on Monday. Mondays seem to be days that COMS releases many of its press releases. Maybe one of them will be decent enough to move the stock. If Eric can instill confidence again, this stock can move! Just look at last year when we went from 28ish to 60 within weeks, after worries about the USRX merger lessened. Sentiment can change very quickly when the stock price starts moving up. FWIW, if we do go to the 27.5 level, I will feel even more positive about the support, and will buy even more. Todd BTW, Bay agreed to be bought by NT on June 15th, hence the gap-up.

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