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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: Wayners who wrote (22875)10/19/1998 12:35:00 AM
From: Raymond James Norris  Read Replies (1) of 45548
 
Wayne,

I disagree with your logic. Look at the OBV, RSI, and DMI on the Weekly Chart. All are in strong uptrends while the stock has yet to emerge into one. This can only mean that these leading indicators are showing the underlying strength that will become apparent in the stock price soon.

I think people selling at 33 will regret it as COMS moves past that price. The volume was nice and strong Friday with the price continuing upwards above its 200 DMA. Before long, it will be testing 37, IMO (within 1-2 weeks).

Conservatively Yours,
Raymond J. Norris
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