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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Nov 26 9:30 AM EST

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To: joe who wrote (19386)7/19/1998 11:32:00 PM
From: chenys  Read Replies (1) of 45548
 
Joe: Those huge call OI's must be partly long, partly short, so there could be some being called away while some being forced to buy to cover. And whatever happen, those who lost their holding will be anxious to get back on the bandwagon, and thus they would buy back the stock. That being the case, there will be some stagnant period, say a few hours, before the excitement gets started. But a breakout is imminent. It appears to me that something very secretive is cooking, judged from the high volume and the way the price has been acting.
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