3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-87.0%

Nov 7 11:47 AM EST

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To: joe who wrote (22865)	10/16/1998 5:38:00 PM
From: matt fahy	Read Replies (1) of 45548

joe, >> but it looks like there is a potential gap from $30 - $31.5, this is what I think may need to be closed,<< I'm not sure how you figure there's a gap.<<< This is why I say "potential gap" because it didn't really gap up over night but it moved up significantly almost like a gap up. I do not know how your chart looks, but on bigcharts, 5 day, 15 min, candlestick chart it looks like a quick run that may need to be filled. I may not be using right terminology, maybe it just ran to fast is what I am saying. We are pretty close seeing that most of us think it will revisit $30 either before or after another run to $33. >>I think the Naz will be bullish next week because of the rate cut. At this point, I don't think COMS will go up faster than the Naz<< The more I think about the rate cut, the more I like it for financial markets. I was thinking of buying at the close in case investors decide over the weekend that this rate cut is a big deal for the markets and that it isn't totally priced in and we get a gap up. I was impressed to see COMS and Fore staying solid through the end of the day. I believe COM$ will continue to outpace Naz, next week and forward. Matt

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