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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: TechMeister who wrote (21033)8/28/1998 11:32:00 PM
From: Mr. E2u  Read Replies (2) of 45548
 
Hi there.

I'm looking to re-enter coms probably next week. I saw the weakening TA (fell through 50 DMA) and got out just under $29 although I promised myself to get out if we closed under $30. I used TA to get out before the market meltdown and the international news just added to my desire to sell.
I held some calls from just before the last earnings so I was getting sick of the roller coaster ride. I did double my money (bought $1 3/8 and sold $3 and part at $2 3/4) so I can not complain. Where do you see us going from here?

Depending on the overall markets of course......I'm hoping for a retest of $24 but I may have to buy in when/if we get near $25 just because a point is worth not losing the opportunity to get in even now may be good but I rather wait. I think the shorts want to push coms to $24 again one last time before earnings and then IMO with earnings at least in line, back above $30 for good (or until the bear comes).

Technically this would also form a "triple bullish divergence" and would be an excellent signal to buy long. What do you think and what do you see from your TA window assuming the markets will at the least stabilize next week. Thanks for your opinion.

Regards
Brad
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