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


To: William Wang who wrote (17892)6/22/1998 2:42:00 PM
From: Mr. E2u  Respond to of 45548
 
William
O.K O.K. you don't have to get defensive. I believe your not short (not that there's anything wrong with that) So now your either waiting to get in on coms at a lower price or you're A REALLY NICE GUY:-)

In my opinion coms dropped because of uncertainty with the earnings date (which flushed out a few weak hands) and that's because there must be some last minute BIG news. The question is.....is it good or bad?
To me the chart is looking like we will make a big move soon. The question is.......to the upside or the downside?

I have half my position in coms calls that expire next January that I bought when the stock was under $23 1/2.

If we move to $24 or under depending on the news I will probably buy more.
If we move to $27 1/2 and volume starts to wane then I will sell because that's the next resistance.
If we blow through $27 1/2 and slow around $30 I will sell then unless volume still looks strong then I will wait for resistance at $32.

When (not if) coms is solidly moving in an uptrend (ie. like asnd since last december) I will buy in and out of it depending on where it is in its trading channel.
I'm just getting tired of "IF" "IF" "IF"......Show me the numbers BABY :0)
Good Luck
Brad




To: William Wang who wrote (17892)6/22/1998 2:47:00 PM
From: joe  Respond to of 45548
 


>>Let's focus on why COMS drops 3/4 today
before the earning release instead of trashing each other.<<

That's right, so save your pity or whatever the heck it
is for yourself and concentrate on the facts. Us longs
are responsible for ourselves and we believe there's
value. If there's not that's my problem, not yours.

joe