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

To: Igor who wrote (20018)	7/31/1998 4:33:00 PM
From: joe	Respond to of 45548

>>COMS showed a heavy resistance at 24 1/4 on a volume of 5 million while NASDAQ was down 46 points.<< You mean 24 3/4. The last 20 minutes was a lot of that 5 million. Most of the day was very slow. Lot of last minute buying, probably shorts covering for a good reason. >>Other networkers were down significantly. Is this encouraging? Are we nearing the bottom?<< I think you're right. It's always hard to tell the bottom exactly, and who knows what the news may bring from one day to the next, but otherwise, seems to me that we're pretty close to the bottom. It was obvious, somebody was doing heavy buying at the end. Same old story, somebody is sitting down on a low price and just waiting for sell orders to come into his lap. Slow accumulation still going on as far as I see it. It's just puzzling why it's still lasting this long. Maybe the demand is still not terrific, but pretty constant for some value buyers.