Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: blankmind who wrote (19914)	7/30/1998 12:34:00 PM
From: joe	Respond to of 45548

>> am looking for coms to test 26 today.<< This will have to be at last part of day. I'm starting to be believe strongly that there are very short term shorts on this stock. They are probably happy with a 1/4 - 1/2 a pt and bail out near resistance. No big buyers for a while, which are messing up their plans, and even if there are, the strong buying doesn't continue for long periods of time, so COMS ultimately drifts down. Hopefully, this will be offset by a little stronger buying by institutions, less float (hopefully), and shorts are afraid of that $25 resistance. Shorts will be testing the limits of all of this little by little to see how much they can push it.