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

To: blankmind who wrote (15860)	5/19/1998 5:57:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>to early to tell if coms will rebound again, but the lack of trading today, which would have been a good time unload, and the past 2 days, suggests we might be bouncing back towards mid 30's. time will tell, i do not think the data says much right now.<< I agree. The data is skimpy so it's hard to do more than speculate what it means. Eventually, we will find out. But if possible, sometimes we can figure out earlier. Part of the key is if there are any big sellers left. Chances are there aren't. I can't imagine them waitng this a long period as a strategy to sell. But, check out this reasoning, on why the stock can drift down a bit still: There is no big buyer yet - they may want to wait a while to make sure there isn't any more bad news. I notice that whenever volume starts to get low during the day, the stock drops. I attribute this to shorts, and it complements the retail buyers (you and me) who get to pick up the stock for a lower price. So, the very low buying and selling volume is dragging the price down. This cycle has to stop. We need a few big guns to wave the COMS flag so it creates a big move. joe