Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: lin huan chen who wrote (14350)	3/8/1998 12:43:00 PM
From: Mang Cheng	Read Replies (2) \| Respond to of 45548

Lin Huan, you don't have to convert me. I'm a 100% TA believer. TA works very well for most companies but it doesn't seems to work very well for companies like INTC, MSFT ,CSCO and YHOO. TOO many people buy these stocks without knowing anything about them, like I have relatives who don't do much researches but they will tell you to buy Intel, Microsoft and Cisco no matter how high they already are. I subscribe to the TC2000 charting services, it had been EXTREMELT bearish (and correctly so) about coms since Nov. It has just turned bullish last week, TC2000's calls has been mostly very accurate : TIPS & HINTS (Wednesday March 4, 4:00 P.M., ET) The last time we mentioned 3Com (COMS) was November 5, when we said: "Bouncing. However, expect it to test the April bottom before this is over. And that's a long way down." It was then at 43.6. The intraday-low of the April bottom was 24. Within that month it plunged 15 points, approaching the April low but holding comfortably above it at 28.5. It tested it again in January, dropping to 28.3. By this time a pretty good base had formed. Another couple of months has been added to that base. Today, a weak day in the market, we find an upside gap on good volume, the first try to break out on the upside since the base started to form. The formation should be viewed on a daily chart, then on a 2-day chart, which shows the overall formation very nicely. BOP isn't showing much, but a positive TSV divergence has edged upward since the November shakeout. The first objective is the October high in the mid-50s. We don't expect it to get there without at least one correction along the way, but we do think the primary direction is turning rather convincingly upward. Mang

To: lin huan chen who wrote (14350)	3/8/1998 8:17:00 PM
From: MyStoxGoUp	Respond to of 45548

The chart never lies. Many individual investors such as ourselves complain that the Wall St "big boys" know things before we do and therefore can act on it before we can. That may be true,but there actions can't hide from the chart, I was saved from buying MOT after the 6 pt drubbing because the price action a few days after that lacked conviction, I therefore stepped away,and sure enough,they pre-announced.That is why I have entered COMS, the chart is telling me that it is being accumulated and that the downside is minimal and the upside is 40ish. Phil

To: lin huan chen who wrote (14350)	3/9/1998 5:25:00 AM
From: craig crawford	Respond to of 45548

<< ASND and COMS are under accumulation in these two months, on the other hand BAY and SUNW under distribution >> I don't see the comparison between COMS and A$ND. COMS is just treading water during a 1000 point rally to new highs. A$ND is up 60% from it's recent lows, COMS is up 25% off it's lows. << BAY is under heavy distribution, I can smell pre-announcement very soon. >> I agree, BAY looks sick. I am keeping my eye on BAY/SUNW for a possible short. Hell, I might even short IBM. The only troubling thing is stocks that are pre-announcing horrible results are only dropping a couple of points. Makes it hard to short if you only ake a couple points being right and if you are wrong you lose 10.