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

To: Wayners who wrote (19956)	7/30/1998 6:11:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Oops, sorry. Forgot to give you the date. The big break through 32 was in the first week of May. I'd have to look it up. But there were actually 2 days of very high volume, where you could say there was massive institutional dumping of $$. This was a few weeks maybe before you came on the thread. Now, after you joined the thread, we thought that 30 would be another strong resistance...WRONG...then we did the slow volume crawl all the way to 24 or 23(I'd have to look at a chart) before we saw a double bottom. Since, then, we've had an earnings report (good), with no bad news since...but they've gotten a new COO/President. Is the company worse off? No. But some people assume so because the price is going down. Or maybe they just changed their mind...who knows. But, I stand by my basic arguement, way before we started going down below 36...the fundamentals have not changed, they've gotten better. The stock price has been acting nutty for the last 6 months or more if you ask me. But right now, it's looking like a bottom. Hey, we just got two posters out of nowhere's, one a first time poster, another a very seldom poster. And what are they talking about? Selling 3Com. This stock is "done given up by most folks"...I'm surprised that there are still these two posters left selling. I guess there must still be a few left. But why sell now??? They've had months and months and months of this "great COMS action"(sic). To complain about it now, makes no sense at all. Same old story over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over ............