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

To: chenys who wrote (19153)	7/14/1998 10:23:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>It is worth proving or disproving the "looit" theory Glenn has been advocating.<< Keep at it. I'm sure it's useful. If it doesn't help with COMS it will be useful elsewhere. AND if it does help with COMS you can be our resident Options Expert and learn to make us all more $$.<gg> I was thinking about getting this tc2000 program. Somehow it's able to tell intraday accumulation and distribution more accurately than other ways. My problem is if I start running programs like that at work, somebody may not like it... But I may get it anyway. Something about the COMS pattern that is different from lots of others that is very useful knowledge to have. >>I don't know how Craig did it, he is so bold as to take on July 30 calls.<< There's no sure thing. Odds are in his favor. If he does it enough, he'll win more than he loses. This stock is acting strange enough to know that $30 by all means is very possible. It looks like it's going down, but it's not. He's got his way of figuring it out. Since, he won't tell us exactly, I'll just tell you how I speculate he thinks it through. He knows we've hit some kind of bottom. There's some signs of turnaround of which nobody knows knows for sure will happen. Most people are still leaning towards throwing COMS in garbage, but there is definitely institional interest...why else would we have 30Million share updraft past 31. Plus why else would we have 12million share updraft to 30.5 a few days ago. When too many people lean one way, they get caught off guard by other forces. Notice the way we went up to 30+ the other day. It didn't take 2 or 3 hours. We we're there hardly before we could put in a buy order. And we had started the day down 1/4 to 1/2 pt. That just doesn't happen by accident. Somehow he knows that 'weak hands' need to be cleared out. It makes sense. COMS has been a 3-ring Circus for traders over the last 6 months. It has to change back into the way it was a year and a half ago. Some investor's are definitely interested in COMS, but are trying to keep it a secret. As COMS goes down some more, past optimism starts to diminish. BOOM, that's when those interested investor's will buy everything in sight...cheap. The all mighty contrarian fake-out. If we don't see that buying coming through, then I will start worrying. But so far, it always comes up. I think that's more or less what thinks, but I guess he's too busy making $$ in other places, or thinks it's to his advantage to keep us all guessing. But one thing is very obvious. Just as COMS has shown a sign of a turnaround. Craig has shown signs of a change of attitude. It's no accident. Nuclear fallout does not disappear by itself (unless you wait long enough, and we haven't waited long enough:-)) >>Maybe he is on the top of the totem pole somehow and watching down on all of us being puzzled?<< Maybe, maybe not. I'm sure someone knows what's going on. The only way we're going to figure it out is if we go through some pain and thinking as we're doing these days. >>I feel this whole thing is going crazy, someone is to come and take coms away for a very wild ride.<< Wouldn't surprise me.