3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00400

+185.7%

Dec 5 9:30 AM EST

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To: joe who wrote (22654)	10/9/1998 4:45:00 PM
From: Wayners	Read Replies (3) of 45548

That's always the risk. The odds are for the gap down to selloff. Another way to play gap ups is to put in a buy stop higher past the gap up to catch a run like you say. Generally it takes company or sector specific news to make that happen. If it keeps running, my buy to cover stop would get hit. I place buy to cover stops at the same place I'd put a buy stop order. That's right, it depends on how sentiment builds this weekend, the overseas markets and the S&P Futures contract on monday. The odds are with me so far shorting a gap up on COMS. When the trend (3 day moving average) is up as opposed to the current down to flat--I look for gap downs to buy into instead. Just trade with the trend my friend. The flat trend we were left with after today made me make sure I didn't hold any position in COMS over the weekend.

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