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

To: Wayners who wrote (16714)	6/3/1998 2:10:00 PM
From: joe	Respond to of 45548

With this program trade, we may be getting a mini-test right now. If COMS kicks up, means some support... What do you think of this logic: If all this buying has appeared by MMs (I don't think it's all short covering), and we know that MMs talk to each other day and night - why would MMs buy, if they couldn't have their position protected some how - of which might very well be the results of MMs talking to each other....

To: Wayners who wrote (16714)	6/3/1998 2:51:00 PM
From: chenys	Read Replies (1) \| Respond to of 45548

The downtrend resistance you mentioned is too recent and too steep to mean too much for this reversal. It is actually better if it pauses at the resistace first and then gaps up the next day. But the fact is that maybe it will just expolde at the end today when the pros finally come in with the metal jackets fully loaded! Then one has to know how to take advantage of the dynamics. My hunch is that since the momentum has been built up, it is wiser to stay out of the bulls' way. There is no sense fighting the trend, once it changes it will continue for a while.