3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

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To: mp who wrote (28039)	2/11/1999 11:24:00 PM
From: Greg Jung	Read Replies (1) of 45548

LOL - "I personally think it has been set back by a year." No doubt it will again be 33 after 12 months, but never count it to be dead. One thing it won't do, is stand still. Read this thread from the period Feb-April, 1997. This is nothing. In fact, 3com fully participated in the rally and has only pierced briefly the 200 dma. Not to say that it isn't dangerous or that it couldn't go back to 30 in the blink of an eye. It needs to probe the lower levels some more, obviously the ceiling is 45-50 and the floor is 24. This action may have re-energized the trading in the stock so that it revisits the two extremes more often. Greg

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