Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wayners who wrote (18622)	7/3/1998 3:50:00 PM
From: john dodson	Read Replies (1) \| Respond to of 45548

Speaking of COMS gaps, am I reading this chart right? Did COMS really gap up the last 4 days in a row on the open? quote.yahoo.com If so, that would mean we should open near $30 on Monday, aye? =-} -John Dodson

To: Wayners who wrote (18622)	7/4/1998 12:29:00 AM
From: blankmind	Read Replies (1) \| Respond to of 45548

27 1/2, i hope not. if it comes back to 27 1/2, please write me a told you so post. i see no reason to test 27 1/2, i expect to be back over 30 next week.

To: Wayners who wrote (18622)	7/5/1998 1:06:00 AM
From: joe	Read Replies (3) \| Respond to of 45548

Wayne, I'm checking out the daily chart on BAY, and I see 2 big up-gaps. One around May 10, and the other around June 15. Are these the ones you're talking about? The week or so afterwords, I see the retrace and then for some reason it starts going up again? I guess TA says that the stop of the retrace (continuation of the upward path) is for some logical reason. BUT, how do we know it's not due to BAY just getting some additional good news. Possibly BAY is on some turnaround pattern (maybe it's mostly to do with buyout rumours). Maybe the stop of the retracement was some more positive news (maybe more details on a buyout rumour). But in other large gap-ups may not be true - possibly because there was no more good news to be had for a while...possibly until the next earnings report? To prove the hugh gap-up, then retrace, then upward climb pattern, we'd have to look at all the hugh gap-ups. Not just ones where we know it's worked. I'm just playing devil's advocate, so just debating the issue... Also, from what I hear, ASND did the same type of pattern after a hugh gap-up (I'll be looking at that chart in a few days).