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

To: Wayners who wrote (18662)	7/5/1998 7:20:00 PM
From: Benkea	Read Replies (2) \| Respond to of 45548

Charts: See any similarities of ASND's chart in January when it hit $32, corrected about 7 - 10% (the usual amount after a breakout) then resumed its' accent to $50! quote.yahoo.com

To: Wayners who wrote (18662)	7/6/1998 12:19:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>> I was long BAY befor the gap up and sold at $27 3/4 with the intention of buying back in at $25. Never did buy back in though, playing something else.<< At least your plan was correct. You would have made some $$ buying back at $25. Is this always your pattern after a big gap up? I noticed after COMS made a HUGE one-day gap up, that you, Steve, John R. and probably some others were already talking about buying back under $30, though it seemed like COMS could have gone further with the heavier volume. I guess, it was trying to break 32, and if it did, it would have gone to 35, but if it didn't break 32, it would go down below 30. I figured it would just stay between 30-32 for a while... >>It identifies price areas where there will be increased demand to slow any downward momentum. The slowdown in downward momentum feeds on itself.<< Remember, before the earnings report, we all thought the big resistance point was at 30. Well, we blew by that point overnight. Maybe a case can be made where the lower support level is at 30 rather than 27 1/2. This would be true if the last few days were 'holiday sluggishness'. I guess we should be able to tell in the next few days.