3Com Corporation (COMS) Message Board

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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: Wayners who wrote (22712)	10/12/1998 8:33:00 PM
From: chenys	Read Replies (2) of 45548

Wayne: I agree that one or both of Oct 30 and 35 calls will expire worthless. But I have a strong feeling that most 35's were calls written while 30's were long. There is thus a very good chance for coms to revisit 33 in the next few days. The one to four-week technical aspects seem to be more favorable for a run-up. What are your basis for being so bearish other than the three-day moving average? I understand that for intraday movements, one also has to obey those TA rules. But the prices change so fast that unless you have real time charts and indicators all plotted side by side, knowing too much but not enough can become a curse. In the end, when dusts settle at 4pm, the daily chart should prevail, am I wrong?

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