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


To: Christopher White who wrote (11452)12/3/1997 11:48:00 PM
From: LoLoLoLita  Respond to of 45548
 
>The market is so fickle - it looked like a repeat of yesterday and >then came the reversal in the p.m. I could hardly believe it. Got >very little sleep last night going over and over again in my mind the >possible scenarios for today's trading.

Christopher,

who would've thunk it?: that after those Dolby Surround Sound
downgrades today (4 n'est pas?) it pulls itself up 3 points from
the open and trades 12 million shares over 34 as you said.

Obviously, someone wanted to buy at those prices, and in quantity to boot! Now why would that be so after the bad news? Just a few weeks
ago it hit 29 because of the "Asian Flu." Today it can't even get
below 32. Makes no sense, but that's what happened.

I think it's impossible to plan a trading strategy in advance
for a big mover like COMS. There are just too many variables.

Regards,

David