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

To: Wayners who wrote (16910)	6/4/1998 8:36:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

How confident are you with these resistance ranges? How did you calculate them?

To: Wayners who wrote (16910)	6/4/1998 10:42:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

Wayne, I just sorta realized something. Tomorrow, you're assuming we open down because of MOT and whatever. And as evidence, you use the following: >>When I see an ask size of only 500 shares soak up about 50,000 shares in buys and the ask doesn't move, you know they are unloading shares with limit orders at the ask price. Very sneaky. << I just realized, that this is still peanuts. 50K shares is a very small fraction of the total shares traded during the day. Now granted, at the end, trading was very slow, so these 50K shares might have been able to control all of about 5 minutes of trading. Big deal! Are you possibly saying that it was more than 50K? And how long was this controlled trading going on for? And at what time? I watched it pretty carefully for the last 1/2 hour, and it did at least 200-300K shares or more. I noticed that the trading was at a controlled price, but I have seen this on many occasions. I wonder if it's possible that some brokerage house is just doing a trade trade for an institution, and using it's normal customary trading techniques to get the best price for his customer. Can you clarify or add to this story? The thing is, if you're expecting a downward pop at the beginning based on the above, it doesn't sound logical. Also, I'm not so sure that MOT will cause COMS to open up low. I'm back to square one. I don't know or assume anything about the open/intraday/close trading activity. I will let COMS lead me by the leash as it pleases him. j PS Maybe the more logical reason to think COMS will open up low is from normal profit taking as John R said??