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


To: Steve Porter who wrote (18857)7/8/1998 3:40:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 


>>If you watch the day charts today (i.e. single trade live update type charts) it look like institutational buying.... the buy patterns are very "strange".. and seem to indicate a stock buy back.. (at least that's what it looks like to me).<<

Exactly. It looks strange. It's selected buying seems to
me. Buying on little dips to prop the stock up. Note how
in the last 1/2 hour, to me it looks like it's trying to
not drop from profit taking. But this also might be from
less sellers since we are accumulating more permanent buyers.
(Or maybe it's both..)

It's hard to tell anything for sure....

joe