3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 29 9:30 AM EST

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To: Steve Porter who wrote (23490)	10/29/1998 10:15:00 PM
From: joe	Read Replies (1) of 45548

Steve, >>Well I think we will bounce around a bit tomorrow. I still see a couple bounces off of the $35.5 mark (or there abouts).. peoploe who bought at 30 will want to take the 16% profit.. that's a good profit for 2 weeks.<< I may play with a smaller lot of my shares and try to sell high and buy lower. The problem is as you said this morning. The price justs sits and doesn't move down much and is just waiting to be accumulated upward. We are in accumulation mode. OTOH, when we get close to resistance points, then there is more likelihood of volatility. I guess I will play it by ear, and think about Wayne's use of stops, etc. Using stops is something I'm not use to so I need some time to think and get use to it. The good thing about this stock is that it's going up, so I don't want to press my luck getting in and out too much. Somehow, I think we will have much better opportunities later on. COMS intradaymoves are still too unpredicatable (at least for me). And that's many times due to some huge block order interrupting the flow. Surprised you said 35.5 instead of 35. Oh well, I'll trust you for now:-) You're right, I need a good night's sleep. TGIF tomorrow. joe

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