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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00150-28.6%Dec 11 9:30 AM EST
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To: joe who wrote (23722)11/1/1998 11:54:00 AM
From: chenys  Read Replies (1) of 45548
 
Joe: My impression is that in the last hour, about 2M changed hands, among which 0.5M was profit taking and 1.5M short covering, with some minor pure buyers. Go to quote.com and see for yourself with 1-minute ticks and tell me if you come to the same conclusion. Short sellers don't like to hold positions over the weekends either, for fear of upside surprises. I won't enter for more shares unless the stochastic comes down to the 20-30 level, now at about 95, a sign of peaking, and I feel strongly that I will get what I want. -q
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