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


To: Wayners who wrote (19895)7/29/1998 11:11:00 PM
From: TechMeister  Read Replies (3) | Respond to of 45548
 
TA analysis: MACD is still very bearish. DONT EXPECT a sudden snap back from here. Its going to spend some time here before it takes off from here. I will let you all know when thats going to happen.



To: Wayners who wrote (19895)7/30/1998 10:29:00 AM
From: joe  Read Replies (1) | Respond to of 45548
 
Wayne, thanks for the TA viewpoint. I will be keeping
an eye on this pattern. Hopefully, we consolidate here
in a few days, and start creeping upwards again. Hopefully,
a lot more institutions hold COMS compared to a month or
so ago, making the stock less volatile by traders.

BTW, we broke those 27 1/2 resistance very easily - and
I don't think there was any change in fundamentals, unless
it was kept secret to the public. What do you attribute
this to? I just figured it was very strong market momentum
downwards. Or maybe more people giving up on COMS that
had held it for a while? What do you think?

joe