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


To: Wayners who wrote (17269)6/12/1998 9:45:00 AM
From: Finder  Read Replies (1) | Respond to of 45548
 
The good news is that at the rate we are going the stock will be at 0 before earnings are announced so we won;t have to worry about the conference call.



To: Wayners who wrote (17269)6/12/1998 7:57:00 PM
From: chenys  Respond to of 45548
 
Sorry, it ended up a bad joke to post. I actually regretted about it as I looked at the oscillator and found that there was no choice but for coms to go back down first. The oscillator curves had already bent over the day before yesterday to form a peak, and if history repeats itself, it would have to go through the necessary down days before it could move back again. Therefore, failing to break above 27 11/16 had become a show stopper which should not have been doubted since cross-over of the oscillator curves had also happened. I am glad that it happened so quickly and decisively and then graciously stopped at 24. Now, hopefully a short term double bottom will be formed. If it is to be one, 24 will have to be it, or else coms is in trouble. All the indicators now allow a rally, though I have to look at the oscillator again to confirm my belief when data become available later today.

I hope all the SI-goers would understand that, in playing the market, nobody can ever be trusted, not even the market itself. "Predicting" an up or down day is all but a process of thinking out loud, and should only be taken as such, because none can. Any action in response to it is one based on belief, not trust. It is sheer faith.

Bottom line: it will be a very exciting week to come. On an option expiration week, anything can happen. God bless you.