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


To: IN_GOD_I_TRUST who wrote (19431)7/20/1998 5:38:00 PM
From: The BayWatcher  Read Replies (1) | Respond to of 45548
 
What happened to all the optimism about COMS just a few hours ago? What changed? The price fell a little, but so what? It's still in an uptrend at very early stages and has lots of room on the upside. If you don't want to get too upset about the current trading range, just buy 250-500 shares at 28 and sell them at 30+. That keeps me busy on days like today where I bought and will sell these shares later in the week at 30+. You'll enjoy the dips more that way.



To: IN_GOD_I_TRUST who wrote (19431)7/20/1998 5:40:00 PM
From: John Dough  Respond to of 45548
 
Sometimes these jokers (analysts) upgrade companies just to create an opportunity to exit their own losing positions. Maybe that's what happened here. I got suckered in after the big jump on high volume, thinking it was finally making a comeback, and have been losing ever since.

What I can't understand is why this stock almost always seems to gap up on the open, only to sell off for the rest of the day. Who's buying at the open? Is it MM manipulation? I should start buying at the close and selling five minutes after it opens the next day. The only problem is, I'm stuck with my existing shares and have no more buying power.