3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-67.5%

Nov 7 11:47 AM EST

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To: chenys who wrote (23730)	11/1/1998 4:33:00 PM
From: joe	Read Replies (1) of 45548

>>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.<< If we could figure that out as precisely as you said, this would be extremely useful. If you're right, we will have a pop on monday, I'd guess, because those weekend adverse folks want to get back in quick as long as the market's not stormy. I can't access that site you have. Probably because I don't have Java capability. Sorry, wish I could. >>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.<< I think you're making a big mistake basing your analysis on stochastics at the moment. This is an exception to the model is my understanding. We are in a breakout pattern. Isn't stochastics good for when a stock is in a consistent oscillating pattern as we were the last 3-4 months? Signs of breakout. I'll be looking for more confirmation in this next week. joe

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