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

To: Wayners who wrote (17049)	6/7/1998 6:42:00 PM
From: joe	Respond to of 45548

>>I also want to get the money I lost from going long at $30 and its subsequent drop below support to when I bailed at $27 1/4.<< That was a real surpriser! I've been watching COMS for a long time. I don't know a lot about TA, but I can tell you that was very unusual to break 30. Deep down, I think somebody planned this. They took advantage of the deep rooted fear of COMS owners because of the couple of missed quarters, but the past had formed a pretty sold base at 32, and I don't think the few high volume days we had to get us past 32 would eliminate much of that base, and send it down 8 pts. It also, looks like after preannouncement month, the general trend has been going up. And we'll restablize at the base before beginning of May. Of course, there's expiration week, and right after is earnings announcement, so the timing might be choppy (not quite enough time to hit the old base), so I will take it one day at a time. Also, IMO, even if COMS misses numbers but shows progress, it would not be in any worse position than last quarter (fundamentally speaking), and is just steadily mounting its ownership of the x2 56K market. And last quarter was a consistent 32-36 range, but with interest rates even higher. IMO we have no business being in the below $30 range - very unusual...