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

To: Wayners who wrote (18705)	7/6/1998 4:42:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>In addition to those that do it just because of T/A, the reasoning is that those who sold out too early at the former resistance level will buy back in given the opportunity to get in close to their sales prices. Also those who hesitated on buying in before the price went way up are also getting a second chance and are likely to buy at the former resistance level.<< ah, ha! So, now the new buyers, having seen some signs of improvement with the stock, become more longer term holders. Also, those holding their shares are holding at higher prices and less apt to sell for too soon a profit. Hey, does TA have a place as far as understanding/predicting Yahoo? Or are there some cases that are too bizarre? Also, you said before that support is down at 27 1/2? Do you still think that after today? Seems like volume was slow, and holders are less and less likely to sell...I guess it depends on how strong holders feel about the fundamentals vs. how weak they are at holding their shares while it's dropping - that supply and demand tension between those two camps is possibly what's steering the price at the moment. Is this the correct thinking? joe