3Com Corporation (COMS) Message Board

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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: Jerry Olson who wrote (26659)	12/29/1998 12:02:00 AM
From: Mang Cheng	Read Replies (2) of 45548

O'Jerry, I agree coms' chart still looks great. It bounced off the 13 day ma again Friday and up again today. I was actually quite worry during x'mas that it will crash thro' the 13 day ma. It doesn't mean diaster but it just means it would go down a few bucks more. Coms had bounced off the 13 day ma four or five times already in the last few weeks as if somebody is controlling it share prices from behind the scene ! It'd been an amazing rise from $24 since early Oct. MACD is still extremely bullish. On-balance vol is still very good indicating accumulation. Hope your P&F chart can bring it to the Blue-Sky level of $55. But I think $50 will be quite a resistance to break thro' since it's a level established way back since Sept. 1997. We may have to take out another 30-40 million shares to break thro' that. I don't see coms' price going back to $35-$42 unless there is a general market correction. In that case coms will go back to $42 easily. I'm keeping an eye on the general market quite closely these days - right now the upward momentum is still there. Mang

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