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: Doug who wrote (29544)	4/7/1999 8:59:00 PM
From: Bruce L	Read Replies (2) of 45548

<I agree that current sentiment has driven this to an oversold condition... However neither TA or Tea leaves can tell when that will change.> The heavy volume today could be evidence of a selling climax and thus a bottom. On the other hand, closing as it did at a low (20 1/8) suggests that it isn't. You or someone else pointed out that previous support at 22 1/2 being breached that the next support (going back at least 3 years) is 11, but that's too low. Whatever, IMHO I think we're close. When it turns - and remember lots of people are watching COMS for that event - it will be dramatic. That's why I sold my FORE today and bought more COMS - between 20 1/8 and 21. Long term I'm sure it will be profitable.

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