3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

-15.8%

Jan 15 4:00 PM EST

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To: Moonray who wrote (25911)	12/7/1998 11:03:00 AM
From: joe	Read Replies (1) of 45548

Moons, I was watching that very carefully last month, especially when we were in the 30's. It was always saying that we were overbought at the $35-$36 values. TA seems to say that a stock is overbought based on supply/demand flow of volume and price movements. I don't think it accounts for fundamental analysis. New information (for ex. preannouncements of some sort), can boost the stock up to another level. TA helps to know when we are at a possible break out point... JMO joe

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