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

To: blankmind who wrote (16070)	5/25/1998 1:19:00 AM
From: joe	Respond to of 45548

>>examining the volume, it would appear to be a bear trap. with low volume bringing the price down, examining the past with how much volume was required to knock off a point. the big boys are not selling, but allowing little investors to sell and shorts to move in.<< This makes sense. If there are big sellers left, you'd think they'd want the price up not down to sell into. If there's a big seller, then he's going to move this stock down a lot, because of the low liquidity, which would not be in his interest at this point. Much better for him to wait till it climbs back to 30+ and sell. This stock has been in the pulverized state for a while, and has shaken out lots of people already. Seems like only die-hards are in it now. Die-hards are just riding it out like they have been for the last 6 months. Anybody who's been with this stock this long isn't going to be shaken out very easily. So a big seller right now will just have to sell at a huge discount. He's only able to sell if he can line up another buyer - through the BB Network. In this case the price will keep stable. So, I agree, this still looks like a bear trap.... joe