3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

+1,200.1%

Nov 7 11:47 AM EST

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To: mp who wrote (24394)	11/12/1998 8:57:00 AM
From: MskiHntr	Read Replies (1) of 45548

mp, re: how high by the end of the year... FWIW, the stock broke out to the upside from a nicely formed rectangle which began on May 8, 1998 and broke out on October 26, 1998. Approximate width of the rectangle is 10 points or so. The stock is in the process of a pullback or "throwback" (Edwards & Magee)to the boundary line of the pattern. Per E & M "...Minimum measuring formula: Add the width (difference between top and bottom) of the Rectangle to the breakout point.". Best guess: $43 plus or minus depending on your measurements. Best, Joe

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