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

To: blankmind who wrote (18853)7/8/1998 3:15:00 PM
From: joe  Read Replies (2) | Respond to of 45548
 
Interesting idea. I figured they had already used
all their bullets - probably when we went 31. I was wondering
if that's why the volume was high those days.

But then again who knows. Have you ever wondering why
they thought they needed a buyback if they had a decent earnings report? Usually, buybacks are for less than favorable
reports.

10Million shares at $30/share equals $300Million. Seems
like a lot of cash when maybe they didn't need to spend it?

Seems like we're getting some upward mini-rallies with
low volume. Very unusual COMS behaviour.



To: blankmind who wrote (18853)7/8/1998 3:41:00 PM
From: Mang Cheng  Read Replies (3) | Respond to of 45548
 
< until it drops below 28 or 27 1/2 or 25 or... >

I have commented about the gap won't get closed so quickly. Now, the chance of the gap closing in the short term has again diminished drastically due to today's rebound. As qy (or Wang ?) stated before it crossed down and now crossed up thro' the 50 dma which is a good sign. The vol will build up for a breakout if we can sustain a few more days like this.

Mang


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