3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Nov 26 9:30 AM EST

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To: joe who wrote (22266)	9/25/1998 1:21:00 PM
From: Mr. E2u	Read Replies (1) of 45548

I believe that this stock will follow ASND's path (from this year in Feb). I sold 70% of my near term options partly because I wanted to play SAVLY and I was getting an ulcer with coms. I'm looking for a close above about $32.5 (preferably 2 days in a row) before I will buy back in with Jan call options. I think ASND's price did the same thing right after earnings in Jan of this year (sat around a bit before moving up steadily) when their future became more visible and the street gradually started to put more trust in them and buy back in. I willing to lose a few points on the upside for the security of being above that confounded $32 resistance and in a higher trading range. If by chance we fall below $30 I will be in pouncing mode to buy. Right now I just need a little more TA (not to be confused with "T and A", although I could use a little more of that too.) confirmation. I do think that there is a lot of accumulation going on here. Perhaps the motorola news will pop us over $32 for good. On the other hand most big money already knows about that deal. Regards Brad

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