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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Latham who wrote (10872)11/28/1997 11:00:00 AM
From: Marcel  Respond to of 45548
 
You seem to be in the minority today



To: Tom Latham who wrote (10872)11/28/1997 11:13:00 AM
From: Andrew  Read Replies (2) | Respond to of 45548
 
Please short some more. You are only adding fuel to the fire (3COM is up nicely today on heavy pre-holiday volume. Can't wait for you to begin covering. You have a nice weekend now !!! I don't expect it to be up anymore than say 10-20% within the next couple of weeks.



To: Tom Latham who wrote (10872)11/28/1997 2:57:00 PM
From: Christopher White  Read Replies (2) | Respond to of 45548
 
Tom,

I went long COMS on Friday and on Monday and on Tuesday and bought the THQLU as well to insure that I don't lose my position when I sell the THQLG...lots of speculation on this thread about all problems in Santa Clara, however, in spite of any assumed fundamental weaknesses, the technicals are looking better by the day. COMS closed today above its 55-VAMA (35 3/8) for the first time since October 14th. I haven't yet today been able to get a error free download from Reuters, so I can't say what the equivolume chart looks like after today's action, however, if the 13-VAMA (as of yesterday's close at 34 3/8) crosses the 55-VAMA we will have a significant bullish signal - since January 1996 the 13-VAMA has crossed the 55-VAMA to the buy side seven times (these MAs have not whipsawed in the last 23 months!) - if you had bought COMS each time these moving averages crossed and sold at the top of each bull move, you would have had gains of between 8 and 41 points on each move.

Christopher