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: J. Stone who wrote (20048)	8/2/1998 8:10:00 PM
From: joe	Respond to of 45548

>> >>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.<< I agree, but I feel an upside push (at this point) is more likely than a downside drop. Provided the market holds up. We will see... << It would be strange to have so much buying pressure at 24 1/2 on Friday, and then have the stock go down lower, to possibly 23 later on. I guess this indicates that accumulation is being done bay a sporadic few, and not enough to fight of the supply(negativity) of the stock. I think that's the way TA would explain it. My understanding is that TA can only explain the past, but can't do as much to predict future movements. (I'm wondering how true this is...COMS will provide a good example, I think, due to all the ways it seems to want to twist and turn)