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Technology Stocks : COMS - Why is it a short?
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To: chenys who wrote (1)7/29/1998 6:02:00 PM
From: victor pan  Read Replies (2) of 13
 
how do you get the number $24 where you predict coms to rebound? isn't there some technical terms like double bottom, which would be at $23? and if we penetrate that bottom, we continue on in the down trend channel?

according to my simple calculation, just for fun,

if coms goes down 3% in a day, followed immediately by a rise of 3% the next day, and 3% down and 3% up, and so forth, coms will be a $15 stock in 2 years.

if coms down 3% only followed by 2% up every other day, it will only take 46 days for coms to become a $15 stock... before next earning..
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