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: elmo north who wrote (22702)	10/12/1998 8:43:00 PM
From: FUZFO	Read Replies (1) of 45548

It seems like we should at least retest resistance at 32 and possibly fly through it this time Hello Elmo, I will be selling if/when coms hits 32. I don't believe it can break out while the market is pricing in a 1999 recession. I will try to trade it from 26-32 between now and next earnings report. Since resistance at 32-33 is so strong and well defined any breakout will be obvious and I think I may only miss $1 -1 1/2 before getting back in to probe the new high end which I think will be around 37-38. Then I will play that range (32-37) Coms can be a golden egg if it keeps behaving like this. What do you think? Fuzfo

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