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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001300.0%Nov 7 11:47 AM EST

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To: chenys who wrote (19153)7/14/1998 10:23:00 PM
From: joe  Read Replies (1) of 45548
 


>>It is worth proving or disproving the "looit" theory Glenn has
been advocating.<<

Keep at it. I'm sure it's useful. If it doesn't help
with COMS it will be useful elsewhere. AND if it does help
with COMS you can be our resident Options Expert and learn
to make us all more $$.<gg>

I was thinking about getting this tc2000 program. Somehow
it's able to tell intraday accumulation and distribution
more accurately than other ways. My problem is if I
start running programs like that at work, somebody may not
like it... But I may get it anyway. Something about
the COMS pattern that is different from lots of others
that is very useful knowledge to have.

>>I don't know how Craig did it, he is so bold as to take on July 30 calls.<<

There's no sure thing. Odds are in his favor. If he does it
enough, he'll win more than he loses. This stock is acting
strange enough to know that $30 by all means is very possible.
It looks like it's going down, but it's not. He's got
his way of figuring it out. Since, he won't tell us
exactly, I'll just tell you how I speculate he thinks
it through.

He knows we've hit some kind of bottom. There's some signs
of turnaround of which nobody knows knows for sure will
happen. Most people
are still leaning towards throwing COMS in garbage, but
there is definitely institional interest...why else would
we have 30Million share updraft past 31. Plus why else
would we have 12million share updraft to 30.5 a few days
ago. When too many people lean one way, they get caught
off guard by other forces. Notice the way we went up to
30+ the other day. It didn't take 2 or 3 hours. We we're
there hardly before we could put in a buy order
. And we
had started the day down 1/4 to 1/2 pt. That
just doesn't happen by accident. Somehow he knows
that 'weak hands' need to be cleared out. It makes sense.
COMS has been a 3-ring Circus for traders over the last
6 months. It has to change back into the way it was a year
and a half ago. Some investor's are definitely interested
in COMS, but are trying to keep it a secret. As COMS goes
down some more, past optimism starts to diminish. BOOM,
that's when those interested investor's will buy everything
in sight...cheap. The all mighty contrarian fake-out.

If we don't see that buying coming through, then I will
start worrying. But so far, it always comes up.

I think that's more or less what thinks, but I guess he's too busy
making $$ in other places, or thinks it's to his advantage
to keep us all guessing.

But one thing is very obvious. Just as COMS has shown a
sign of a turnaround. Craig has shown signs of a change of
attitude. It's no accident. Nuclear fallout does not
disappear by itself (unless you wait long enough, and we
haven't waited long enough:-))

>>Maybe he is on the top of the totem pole somehow and watching down on all of us being puzzled?<<

Maybe, maybe not. I'm sure someone knows what's going on. The
only way we're going to figure it out is if we go through
some pain and thinking as we're doing these days.

>>I feel this whole thing is going crazy, someone is to come and take coms away for a very wild ride.<<

Wouldn't surprise me.
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