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: joe who wrote (24829)	11/19/1998 9:00:00 AM
From: MskiHntr	Read Replies (1) of 45548

joe, good morning, you're confusing me with facts and what if scenarios. I don't know what's fact and what's fiction with any company. But I do know that there are more buyers than sellers, the stock has taken out overhead resistance, and the price is heading north. It has overcome 35 5/8. It has closed over 36 1/4.It broke into new high ground on the 4th best volume in the last 4 months. All of this on no earth shaking news. Steve is not in error; his conclusions are based upon simple arithmetic: total shares traded divided by number of transactions equals 1076 shs per trade. He's arithmetic is correct. It is his conclusion that you are having trouble with and you have to work that out with Steve. Why now? Why not? The techs and internets are flying; greed has supplanted fear. Some thoughts: 1)Backing and filling; most stock ascend/descend in a stair step pattern. Thanks to trades like your self. You provide liquidity. I don't think Fidelity tells Vanguard what stocks it is buying or selling or when. 2)CSCO dances to its own drummer. It's market of stocks not a stock market. Sometimes there are coincidental moves, most times there are not. But stock within an industry often move in concert. 3)Rate cuts affect everybody un and down the food chain. 4)Options, who knows with those folks. As you are aware 80% of option buyer are on the losing end. 5) Buyout? Always a possibility with any company. Never, never say never in the stockmarket. 6) Shorts. They probably increased their position because of some of the things that you have enumerated. There's always a naysayer or two in a crowd and they provide needed liquidity. joe, please don't try to over analyze this or any other stock. Enjoy the up trend, it's been a while since COMS shareholders have seen their stock in the spotlight. Enjoy. Best, Joe

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