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


To: blankmind who wrote (16611)6/2/1998 4:27:00 PM
From: Wayners  Read Replies (3) | Respond to of 45548
 
If you have access to volume of upticks minus volume of downticks on COMS between 1530 and 1600, please post it here.

One thing I learned from APM (I think you learned it too) is to not trade against the trend. (APM is still a good short everytime it looks like a possible reversal. They are going to $2 AGAIN). Almost everyday there is something that looks like and reversal and there are many days and only one true reversal.

If I bought COMS everytime it was at resistance because I thought it was actually going to break out and reverse, I'd be a poor man in quick order. While it takes some fortitude to short at those same points and your instinct tells you that you are going to lose money on the trade---that's how I know that I'm pretty likely to make money instead.

Good luck to Long Term Longs Only.