3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 29 9:30 AM EST

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To: Bruce L who wrote (20472)	8/12/1998 4:57:00 PM
From: J. Stone	Read Replies (1) of 45548

Today was an excellent day. We were unable to break $30, however, and the reason being is that 1) There were very few purchases at $30, and 2) There is incredible size at $30 (which is probably scaring most buyers off). Quite a few market makers are holding positions in the tens of thousands range, so it's going to take a strong push to get COMS over $30. If we open up significantly above $30 tomorrow (say a half a point or above), however, $30 should be done with. If we open up below $30, it's going to take some serious buying. So everyone best get their checkbooks out just in case...<g> regards, JS

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