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

To: J. Stone who wrote (20030)	7/31/1998 6:06:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

yes, that's why I see a bottom too. I'm not saying it's an exact spot, but we're pretty close. All that massive selling, imo, was shorts. The fact that there was solid buying was good. And the fact that shorts got stopped was doubly good. I don't think these two things would happen, if COMS was far away from it's true price. I don't get the impression that institutions are looking to bail out, either. IMO, COMS is drifting with the S&P500, and when it gets low, value buyers pick it up.

To: J. Stone who wrote (20030)	7/31/1998 6:22:00 PM
From: chenys	Respond to of 45548

There is a chance we reach 24 or a bit lower intraday. But it seems that all these drift down has made all indicators pointing toward "BUY"! It seems to me that it would be unwise to bail out at this time. Look at askresearch.com or bigcharts.com. Seeing is believing.

To: J. Stone who wrote (20030)	7/31/1998 8:18:00 PM
From: Wayners	Read Replies (2) \| Respond to of 45548

I wish I'd been watching it on Level II today. I've got a bunch of questions. I saw a lot of 50,000 share sells today. Who was doing those--what firm. At one point sombody had an ask size in of 40,000 and they eventually pulled it off. Who had that ask? I am also very curious as to who or how did the price manage to stay above $24 1/2. That price was absolutely beat upon by order after order after order and it held up. My real time quote service quote.com just showed bid sizes of 1,000 to 7,000 shares. Who was accumulating? Thanks. I also have to mention that while COMS held up today, it failed to hold up yesterday in an up market. Like I said in another post, COMS making a run to $27 1/2 would not surprise me. In addition a drop to $23 would not surprise me either.