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

To: joe who wrote (16860)	6/4/1998 4:11:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

I noticed there was a lot of small blocks going through at the ask of $26 1/2 before the close. Saw only one large block of 10K. No matter how many shares were getting thrown at the ask, the ask was not budging except at the close where it went to $26 9/16. This tells me that the big boys were distributing shares. Now I'm not holding any COMS overnight. I covered my two shorts today. I don't think COMS is going to make it through $26 1/2 except maybe at the open. I will look for short reentry tomorrow morning. Momentum has slowed on the latest rally. Look at a 30 min or 60 min chart. Put a 10 period simple moving average on the 60 min chart. As far as when the drop is going to occur, my guess is it will start tomorrow and pick up momentum on Monday. The best time to short will probably be around lunchtime tomorrow because the volume and volatility of the morning will be over and it may be possible to short it at a higher price like over $26 1/2. Just wait for the volume to subside to being very low before attacking it.

To: joe who wrote (16860)	6/4/1998 4:22:00 PM
From: blankmind	Read Replies (2) \| Respond to of 45548

keep in mind the low volume which brought us from 30 and how few days it took to forget us down. we are climbing easier because we wend down easy. Daily prices (5/18/98 to 6/3/98) DATE HIGH LOW CLOSE VOLUME 5/18/98 30 28.75 29.188 6186100 5/19/98 30.25 29.25 29.438 3639200 5/20/98 30.375 29.5 29.813 3891700 5/21/98 30.188 28.313 28.375 4374400 5/22/98 28.75 27.375 27.938 5275900 5/25/98 5/26/98 28.063 27 27 4116100 5/27/98 27.438 26.188 27.438 6750800 5/28/98 27.563 26.875 27.063 2860500 5/29/98 27.688 25.25 25.375 6169900 6/1/98 25.75 23.25 24 10126900 6/2/98 24.375 22.938 24 10638500 6/3/98 26.25 24.5 25 10618500