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


To: IN_GOD_I_TRUST who wrote (19851)7/28/1998 9:31:00 PM
From: eDollar.com  Read Replies (1) | Respond to of 45548
 
Another possible reason COMS is getting killed is may be due to margin calls. I am close to getting one if this goes down a few more points.
The only way this margin selling will stop if COMS quickly reverses, where institutions come in. Right now no such institution interest. I am closely watching a double bottom at 22 15/16. That is where instution buying could take place. Most money managers put such limit after consulting with TA gurus. If it holds good. Else big trouble. If they again warn it can be another CS .