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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: joe who wrote (24947)11/20/1998 11:00:00 AM
From: Bruce L  Read Replies (1) of 45548
 
Joe:

Historically speaking, COM$ is in "no man's land", a sort of vacuum: it's never spent more than a day or so (sometimes only minutes) in the area of 40. It's rocketed through this zone on the way up and plunged like a rock on the way down.

EXAMPLES

Week of 8/2/96: Opened at 39 and closed the week at 43
One month later it touched 67

Week of 5/23/97: Opened at 37 1/2 and closed the week at 43 1/4
The very next week it was trading in the 50s

I would give you examples on the downside except it's too depressing.

CAVEAT: There's no guarantee of any sort that history will repeat.
(On the other hand, to paraphrase Churchill (I think),those
foolish enough not to study their history are destined to
relive it.)
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